<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1778570950.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1778570950.png"/></p>
<p>中东的持续冲突开始对全球市场产生重大影响，影响到货币、燃料价格、航空公司和债券市场，因为投资者正在评估更广泛的经济影响。</p>
<p>从亚洲货币的急剧下跌到一家低成本美国航空公司的倒闭，冲突的经济影响正在各个地区和行业蔓延。</p>
<p>分析师警告称，如果紧张局势持续，油价上涨、通胀担忧和市场波动可能会继续。</p>
<h2>亚洲货币面临日益增长的压力</h2>
<p>自美国和以色列在二月份袭击伊朗以来，亚洲货币在外汇市场上记录了一些最陡峭的损失。</p>
<p>该地区特别脆弱，因为约 80% 的通过霍尔木兹海峡的海运石油贸易通常是运往亚洲。</p>
<p>任何对石油供应的干扰都会直接影响整个大陆的能源进口经济。</p>
<p>印度尼西亚的卢比在周二跌至历史低点，而印度和菲律宾的货币也触及历史低点。</p>
<p>其他货币，包括韩国、泰国和马来西亚的货币也显著贬值。</p>
<p>该地区的中央银行已经在货币市场上进行了干预，无论是直接干预还是通过国有银行，并正在考虑采取额外措施以稳定其货币。</p>
<h2>日元贬值，油价上涨</h2>
<p>随着油价上涨，日本也面临着新的压力，日元贬值。</p>
<p>由于低利率和对首相高市早苗的借贷驱动增长战略的担忧，日元已经受到削弱。</p>
<p>日本几乎 95% 的石油来自中东，使得经济对能源价格上涨高度敏感。</p>
<p>当日元接近每美元 160 日元时，相关部门已介入市场，试图抑制投机交易。</p>
<h2>食品通胀风险回归</h2>
<p>战争也重新引发了对食品通胀的担忧，此前与俄罗斯入侵乌克兰相关的波动已开始缓解。</p>
<p>冲突正在收紧化肥供应，同时增加能源成本。</p>
<p>分析师还警告称，与厄尔尼诺相关的天气风险可能进一步加剧供应压力。</p>
<p>波罗的海航运指数已攀升至 2023 年以来的最高水平，突显运输成本的上升。</p>
<p>汇丰全球经济学家詹姆斯·波默罗伊表示，新兴经济体可能面临最大的影响，因为食品在通胀计算中占有更大的权重。</p>
<h2>燃料价格引发通胀担忧</h2>
<p>消费者已经通过不断上涨的燃料成本感受到影响。</p>
<p>根据汽车协会 AAA 的数据，美国汽油平均价格已从约 3 美元上涨至超过 4.50 美元每加仑。</p>
<p>自 2025 年底以来，美国汽油价格已飙升 42%，而柴油价格因冲突扰乱全球石油和燃料供应而上涨 52%。</p>
<p>瑞士再保险集团首席市场策略师盖·米勒警告称，进一步的上涨可能会在美国造成政治和经济压力。</p>
<p>与此同时，通胀预期正在上升。</p>
<p>欧洲中央银行的消费者预期调查显示，3 月份的一年期通胀预期攀升至 4.0%。</p>
<h2>航空公司和债券市场承压</h2>
<p>航空业也面临着严重压力，自冲突开始以来，航空燃料价格已上涨近 84%。</p>
<p>超低成本航空公司 Spirit Airlines 本月早些时候停止运营，称其倒闭是由于燃料成本上涨。</p>
<p>尽管一些航空公司认为供应中断风险开始缓解，但航空股仍然表现不佳。</p>
<p>今年欧洲航空公司股票下跌约 14%，而整体市场上涨了 3%。</p>
<p>与此同时，债券市场在初次抛售后仍然脆弱，迫使投资者重新评估利率预期。</p>
<p>在美国，基准 10 年期国债收益率徘徊在 4.40% 左右，比冲突开始前的水平高出约 40 个基点。</p>
<p>分析师警告称，进一步的上涨可能会扰乱股票和信用市场。</p>
<p>全球市场面临日益增加的风险，因为美伊紧张局势加剧，最早出现在 Invezz 上。</p>

英国石油

SAVEQ

<p>美国与伊朗之间的紧张局势正在显著影响全球市场，导致亚洲货币贬值、燃料价格上涨，以及对航空公司和债券市场的压力。分析师警告称，随着油价上涨，可能会出现通货膨胀和市场波动。亚洲货币，特别是印度尼西亚的卢比，已跌至历史低点，而由于油价上涨，日本的日元也在贬值。航空业面临着喷气燃料价格飙升的挑战，导致 Spirit Airlines 的倒闭。总体而言，这场冲突在各个行业引发了广泛的经济担忧</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1778570950.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1778570950.png"/></p>
<p>The prolonged conflict in the Middle East is beginning to weigh heavily on global markets, affecting currencies, fuel prices, airlines, and bond markets as investors assess the broader economic implications.</p>
<div class="lb-trans"><p>中东的持续冲突开始对全球市场产生重大影响，影响到货币、燃料价格、航空公司和债券市场，因为投资者正在评估更广泛的经济影响。</p>
</div><p>From sharp declines in Asian currencies to the collapse of a low-cost US airline, the economic effects of the conflict are spreading across regions and sectors.</p>
<div class="lb-trans"><p>从亚洲货币的急剧下跌到一家低成本美国航空公司的倒闭，冲突的经济影响正在各个地区和行业蔓延。</p>
</div><p>Analysts warn that higher oil prices, inflation concerns, and market volatility could continue if tensions remain elevated.</p>
<div class="lb-trans"><p>分析师警告称，如果紧张局势持续，油价上涨、通胀担忧和市场波动可能会继续。</p>
</div><h2>Asian currencies face growing pressure</h2>
<div class="lb-trans"><h2>亚洲货币面临日益增长的压力</h2>
</div><p>Asian currencies have recorded some of the steepest losses in foreign exchange markets since the United States and Israel attacked Iran in February.</p>
<div class="lb-trans"><p>自美国和以色列在二月份袭击伊朗以来，亚洲货币在外汇市场上记录了一些最陡峭的损失。</p>
</div><p>The region remains particularly vulnerable because around 80% of sea-borne oil trade passing through the Strait of Hormuz is usually bound for Asia.</p>
<div class="lb-trans"><p>该地区特别脆弱，因为约 80% 的通过霍尔木兹海峡的海运石油贸易通常是运往亚洲。</p>
</div><p>Any disruption to oil supplies directly affects energy-importing economies across the continent.</p>
<div class="lb-trans"><p>任何对石油供应的干扰都会直接影响整个大陆的能源进口经济。</p>
</div><p>Indonesia’s rupiah fell to a record low on Tuesday, while the currencies of India and the Philippines also touched historic lows.</p>
<div class="lb-trans"><p>印度尼西亚的卢比在周二跌至历史低点，而印度和菲律宾的货币也触及历史低点。</p>
</div><p>Other currencies, including those in South Korea, Thailand and Malaysia, have also weakened significantly.</p>
<div class="lb-trans"><p>其他货币，包括韩国、泰国和马来西亚的货币也显著贬值。</p>
</div><p>Central banks across the region have already intervened in currency markets, either directly or through state-owned banks, and are considering additional measures to stabilise their currencies.</p>
<div class="lb-trans"><p>该地区的中央银行已经在货币市场上进行了干预，无论是直接干预还是通过国有银行，并正在考虑采取额外措施以稳定其货币。</p>
</div><h2>Yen weakens as oil prices climb</h2>
<div class="lb-trans"><h2>日元贬值，油价上涨</h2>
</div><p>Japan is also facing renewed pressure as rising oil prices push the yen lower.</p>
<div class="lb-trans"><p>随着油价上涨，日本也面临着新的压力，日元贬值。</p>
</div><p>The Japanese currency had already been weakened by low interest rates and concerns surrounding Prime Minister Sanae Takaichi’s borrowing-led growth strategy.</p>
<div class="lb-trans"><p>由于低利率和对首相高市早苗的借贷驱动增长战略的担忧，日元已经受到削弱。</p>
</div><p>Japan imports nearly 95% of its oil from the Middle East, leaving the economy highly exposed to energy price increases.</p>
<div class="lb-trans"><p>日本几乎 95% 的石油来自中东，使得经济对能源价格上涨高度敏感。</p>
</div><p>Authorities have stepped into markets as the yen approached the 160-per-dollar level in an effort to discourage speculative trading.</p>
<div class="lb-trans"><p>当日元接近每美元 160 日元时，相关部门已介入市场，试图抑制投机交易。</p>
</div><h2>Food inflation risks return</h2>
<div class="lb-trans"><h2>食品通胀风险回归</h2>
</div><p>The war is also reviving concerns about food inflation after volatility linked to Russia’s invasion of Ukraine had started to ease.</p>
<div class="lb-trans"><p>战争也重新引发了对食品通胀的担忧，此前与俄罗斯入侵乌克兰相关的波动已开始缓解。</p>
</div><p>The conflict is tightening fertiliser supplies while simultaneously increasing energy costs.</p>
<div class="lb-trans"><p>冲突正在收紧化肥供应，同时增加能源成本。</p>
</div><p>Analysts also warned that weather risks linked to El Nino could worsen supply pressures further.</p>
<div class="lb-trans"><p>分析师还警告称，与厄尔尼诺相关的天气风险可能进一步加剧供应压力。</p>
</div><p>The Baltic shipping index has climbed to its highest level since 2023, highlighting growing transportation costs.</p>
<div class="lb-trans"><p>波罗的海航运指数已攀升至 2023 年以来的最高水平，突显运输成本的上升。</p>
</div><p>HSBC global economist James Pomeroy said emerging economies could face the biggest impact because food carries a larger weighting in inflation calculations.</p>
<div class="lb-trans"><p>汇丰全球经济学家詹姆斯·波默罗伊表示，新兴经济体可能面临最大的影响，因为食品在通胀计算中占有更大的权重。</p>
</div><h2>Fuel prices raise inflation concerns</h2>
<div class="lb-trans"><h2>燃料价格引发通胀担忧</h2>
</div><p>Consumers are already seeing the impact through rising fuel costs.</p>
<div class="lb-trans"><p>消费者已经通过不断上涨的燃料成本感受到影响。</p>
</div><p>Average US gasoline prices have risen from around $3 to more than $4.50 per gallon, according to motorist advocacy group AAA.</p>
<div class="lb-trans"><p>根据汽车协会 AAA 的数据，美国汽油平均价格已从约 3 美元上涨至超过 4.50 美元每加仑。</p>
</div><p>US gasoline prices have surged 42% since late 2025, while diesel prices have jumped 52% as the conflict disrupted global oil and fuel supplies.</p>
<div class="lb-trans"><p>自 2025 年底以来，美国汽油价格已飙升 42%，而柴油价格因冲突扰乱全球石油和燃料供应而上涨 52%。</p>
</div><p>Zurich Insurance Group chief market strategist Guy Miller warned that further increases could create political and economic pressure in the United States.</p>
<div class="lb-trans"><p>瑞士再保险集团首席市场策略师盖·米勒警告称，进一步的上涨可能会在美国造成政治和经济压力。</p>
</div><p>At the same time, inflation expectations are rising.</p>
<div class="lb-trans"><p>与此同时，通胀预期正在上升。</p>
</div><p>The European Central Bank’s Consumer Expectations Survey showed one-year inflation expectations climbed to 4.0% in March.</p>
<div class="lb-trans"><p>欧洲中央银行的消费者预期调查显示，3 月份的一年期通胀预期攀升至 4.0%。</p>
</div><h2>Airlines and bond markets under strain</h2>
<div class="lb-trans"><h2>航空公司和债券市场承压</h2>
</div><p>The airline industry is also facing severe pressure as jet fuel prices have surged nearly 84% since the conflict began.</p>
<div class="lb-trans"><p>航空业也面临着严重压力，自冲突开始以来，航空燃料价格已上涨近 84%。</p>
</div><p>Ultra-low-cost carrier Spirit Airlines halted operations earlier this month, blaming rising fuel costs for its collapse.</p>
<div class="lb-trans"><p>超低成本航空公司 Spirit Airlines 本月早些时候停止运营，称其倒闭是由于燃料成本上涨。</p>
</div><p>Although some airlines believe supply disruption risks are beginning to ease, airline stocks continue to underperform broader markets.</p>
<div class="lb-trans"><p>尽管一些航空公司认为供应中断风险开始缓解，但航空股仍然表现不佳。</p>
</div><p>European airline shares have fallen roughly 14% this year, while the broader market has gained 3%.</p>
<div class="lb-trans"><p>今年欧洲航空公司股票下跌约 14%，而整体市场上涨了 3%。</p>
</div><p>Meanwhile, bond markets remain fragile after an initial selloff forced investors to reassess interest rate expectations.</p>
<div class="lb-trans"><p>与此同时，债券市场在初次抛售后仍然脆弱，迫使投资者重新评估利率预期。</p>
</div><p>In the United States, benchmark 10-year Treasury yields are hovering around 4.40%, around 40 basis points above levels seen before the conflict began.</p>
<div class="lb-trans"><p>在美国，基准 10 年期国债收益率徘徊在 4.40% 左右，比冲突开始前的水平高出约 40 个基点。</p>
</div><p>Analysts warned that further increases could unsettle equity and credit markets.</p>
<div class="lb-trans"><p>分析师警告称，进一步的上涨可能会扰乱股票和信用市场。</p>
</div><p>The post World markets face mounting risks as US-Iran tensions intensify appeared first on Invezz</p>
<div class="lb-trans"><p>全球市场面临日益增加的风险，因为美伊紧张局势加剧，最早出现在 Invezz 上。</p>
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随着美伊紧张局势加剧，全球市场面临越来越大的风险