---
title: "Asian markets slip as Iran tensions lift oil prices"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286039544.md"
description: "Asian markets experienced a downturn as Brent crude oil prices surged above $105 due to the closure of the Strait of Hormuz, raising supply concerns. The KOSPI in Seoul dropped 3%, and the MSCI Asia ex-Japan index fell 1%, while Tokyo's Nikkei remained unchanged. Geopolitical risks escalated following Trump's rejection of Iran's terms, and his upcoming visit to China is anticipated to result in only symbolic trade gestures."
datetime: "2026-05-12T05:31:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286039544.md)
  - [en](https://longbridge.com/en/news/286039544.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286039544.md)
---

# Asian markets slip as Iran tensions lift oil prices

Oil surge fears: Brent crude rose above $105 as the Strait of Hormuz remained largely closed, intensifying supply concerns. Market reaction: Asian equities were mixed, with Seoul's KOSPI falling 3% and MSCI's Asia ex-Japan index down 1%, while Tokyo's Nikkei was flat. Diplomatic uncertainty: Trump's rejection of Iran's terms deepened geopolitical risks, and his China visit is expected to yield only symbolic trade gestures.

### Related Stocks

- [BP.UK](https://longbridge.com/en/quote/BP.UK.md)
- [603353.CN](https://longbridge.com/en/quote/603353.CN.md)
- [OXY.US](https://longbridge.com/en/quote/OXY.US.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [VDE.US](https://longbridge.com/en/quote/VDE.US.md)
- [159026.CN](https://longbridge.com/en/quote/159026.CN.md)
- [OILB.UK](https://longbridge.com/en/quote/OILB.UK.md)
- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [IEO.US](https://longbridge.com/en/quote/IEO.US.md)
- [BRNT.UK](https://longbridge.com/en/quote/BRNT.UK.md)
- [FBRT.UK](https://longbridge.com/en/quote/FBRT.UK.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [XES.US](https://longbridge.com/en/quote/XES.US.md)
- [BNO.US](https://longbridge.com/en/quote/BNO.US.md)
- [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md)

## Related News & Research

- [Barclays sees upside risks to 2026 Brent price view given Strait of Hormuz impasse](https://longbridge.com/en/news/293791624.md)
- [Oil prices hover at six-week high as Middle East shipping risks escalate](https://longbridge.com/en/news/293555449.md)
- [Oil extends gains on fresh Mideast supply risks](https://longbridge.com/en/news/293418453.md)
- [Iran's Tasnim says oil tanker explodes after hitting naval mine in Strait of Hormuz](https://longbridge.com/en/news/293845546.md)
- [Trump Is Playing Chicken With the Country That Fuels Half of America — During a Global Energy Crisis](https://longbridge.com/en/news/293912348.md)