<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>中東的持續衝突開始對全球市場產生重大影響，影響到貨幣、燃料價格、航空公司和債券市場，因為投資者正在評估更廣泛的經濟影響。</p>
<p>從亞洲貨幣的急劇下跌到一家低成本美國航空公司的倒閉，衝突的經濟影響正在各個地區和行業蔓延。</p>
<p>分析師警告稱，如果緊張局勢持續，油價上漲、通脹擔憂和市場波動可能會繼續。</p>
<h2>亞洲貨幣面臨日益增長的壓力</h2>
<p>自美國和以色列在二月份襲擊伊朗以來，亞洲貨幣在外匯市場上記錄了一些最陡峭的損失。</p>
<p>該地區特別脆弱，因為約 80% 的通過霍爾木茲海峽的海運石油貿易通常是運往亞洲。</p>
<p>任何對石油供應的干擾都會直接影響整個大陸的能源進口經濟。</p>
<p>印度尼西亞的盧比在週二跌至歷史低點，而印度和菲律賓的貨幣也觸及歷史低點。</p>
<p>其他貨幣，包括韓國、泰國和馬來西亞的貨幣也顯著貶值。</p>
<p>該地區的中央銀行已經在貨幣市場上進行了干預，無論是直接干預還是通過國有銀行，並正在考慮採取額外措施以穩定其貨幣。</p>
<h2>日元貶值，油價上漲</h2>
<p>隨着油價上漲，日本也面臨着新的壓力，日元貶值。</p>
<p>由於低利率和對首相高市早苗的借貸驅動增長戰略的擔憂，日元已經受到削弱。</p>
<p>日本幾乎 95% 的石油來自中東，使得經濟對能源價格上漲高度敏感。</p>
<p>當日元接近每美元 160 日元時，相關部門已介入市場，試圖抑制投機交易。</p>
<h2>食品通脹風險迴歸</h2>
<p>戰爭也重新引發了對食品通脹的擔憂，此前與俄羅斯入侵烏克蘭相關的波動已開始緩解。</p>
<p>衝突正在收緊化肥供應，同時增加能源成本。</p>
<p>分析師還警告稱，與厄爾尼諾相關的天氣風險可能進一步加劇供應壓力。</p>
<p>波羅的海航運指數已攀升至 2023 年以來的最高水平，突顯運輸成本的上升。</p>
<p>滙豐全球經濟學家詹姆斯·波默羅伊表示，新興經濟體可能面臨最大的影響，因為食品在通脹計算中佔有更大的權重。</p>
<h2>燃料價格引發通脹擔憂</h2>
<p>消費者已經通過不斷上漲的燃料成本感受到影響。</p>
<p>根據汽車協會 AAA 的數據，美國汽油平均價格已從約 3 美元上漲至超過 4.50 美元每加侖。</p>
<p>自 2025 年底以來，美國汽油價格已飆升 42%，而柴油價格因衝突擾亂全球石油和燃料供應而上漲 52%。</p>
<p>瑞士再保險集團首席市場策略師蓋·米勒警告稱，進一步的上漲可能會在美國造成政治和經濟壓力。</p>
<p>與此同時，通脹預期正在上升。</p>
<p>歐洲中央銀行的消費者預期調查顯示，3 月份的一年期通脹預期攀升至 4.0%。</p>
<h2>航空公司和債券市場承壓</h2>
<p>航空業也面臨着嚴重壓力，自衝突開始以來，航空燃料價格已上漲近 84%。</p>
<p>超低成本航空公司 Spirit Airlines 本月早些時候停止運營，稱其倒閉是由於燃料成本上漲。</p>
<p>儘管一些航空公司認為供應中斷風險開始緩解，但航空股仍然表現不佳。</p>
<p>今年歐洲航空公司股票下跌約 14%，而整體市場上漲了 3%。</p>
<p>與此同時，債券市場在初次拋售後仍然脆弱，迫使投資者重新評估利率預期。</p>
<p>在美國，基準 10 年期國債收益率徘徊在 4.40% 左右，比衝突開始前的水平高出約 40 個基點。</p>
<p>分析師警告稱，進一步的上漲可能會擾亂股票和信用市場。</p>
<p>全球市場面臨日益增加的風險，因為美伊緊張局勢加劇，最早出現在 Invezz 上。</p>

英國石油

SAVEQ

<p>美國與伊朗之間的緊張局勢正在顯著影響全球市場，導致亞洲貨幣貶值、燃料價格上漲，以及對航空公司和債券市場的壓力。分析師警告稱，隨着油價上漲，可能會出現通貨膨脹和市場波動。亞洲貨幣，特別是印度尼西亞的盧比，已跌至歷史低點，而由於油價上漲，日本的日元也在貶值。航空業面臨着噴氣燃料價格飆升的挑戰，導致 Spirit Airlines 的倒閉。總體而言，這場衝突在各個行業引發了廣泛的經濟擔憂</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>中東的持續衝突開始對全球市場產生重大影響，影響到貨幣、燃料價格、航空公司和債券市場，因為投資者正在評估更廣泛的經濟影響。</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>從亞洲貨幣的急劇下跌到一家低成本美國航空公司的倒閉，衝突的經濟影響正在各個地區和行業蔓延。</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>分析師警告稱，如果緊張局勢持續，油價上漲、通脹擔憂和市場波動可能會繼續。</p>
</div><h2>Asian currencies face growing pressure</h2>
<div class="lb-trans"><h2>亞洲貨幣面臨日益增長的壓力</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>自美國和以色列在二月份襲擊伊朗以來，亞洲貨幣在外匯市場上記錄了一些最陡峭的損失。</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>該地區特別脆弱，因為約 80% 的通過霍爾木茲海峽的海運石油貿易通常是運往亞洲。</p>
</div><p>Any disruption to oil supplies directly affects energy-importing economies across the continent.</p>
<div class="lb-trans"><p>任何對石油供應的干擾都會直接影響整個大陸的能源進口經濟。</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>印度尼西亞的盧比在週二跌至歷史低點，而印度和菲律賓的貨幣也觸及歷史低點。</p>
</div><p>Other currencies, including those in South Korea, Thailand and Malaysia, have also weakened significantly.</p>
<div class="lb-trans"><p>其他貨幣，包括韓國、泰國和馬來西亞的貨幣也顯著貶值。</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>該地區的中央銀行已經在貨幣市場上進行了干預，無論是直接干預還是通過國有銀行，並正在考慮採取額外措施以穩定其貨幣。</p>
</div><h2>Yen weakens as oil prices climb</h2>
<div class="lb-trans"><h2>日元貶值，油價上漲</h2>
</div><p>Japan is also facing renewed pressure as rising oil prices push the yen lower.</p>
<div class="lb-trans"><p>隨着油價上漲，日本也面臨着新的壓力，日元貶值。</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>由於低利率和對首相高市早苗的借貸驅動增長戰略的擔憂，日元已經受到削弱。</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>日本幾乎 95% 的石油來自中東，使得經濟對能源價格上漲高度敏感。</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>當日元接近每美元 160 日元時，相關部門已介入市場，試圖抑制投機交易。</p>
</div><h2>Food inflation risks return</h2>
<div class="lb-trans"><h2>食品通脹風險迴歸</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>戰爭也重新引發了對食品通脹的擔憂，此前與俄羅斯入侵烏克蘭相關的波動已開始緩解。</p>
</div><p>The conflict is tightening fertiliser supplies while simultaneously increasing energy costs.</p>
<div class="lb-trans"><p>衝突正在收緊化肥供應，同時增加能源成本。</p>
</div><p>Analysts also warned that weather risks linked to El Nino could worsen supply pressures further.</p>
<div class="lb-trans"><p>分析師還警告稱，與厄爾尼諾相關的天氣風險可能進一步加劇供應壓力。</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>波羅的海航運指數已攀升至 2023 年以來的最高水平，突顯運輸成本的上升。</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>滙豐全球經濟學家詹姆斯·波默羅伊表示，新興經濟體可能面臨最大的影響，因為食品在通脹計算中佔有更大的權重。</p>
</div><h2>Fuel prices raise inflation concerns</h2>
<div class="lb-trans"><h2>燃料價格引發通脹擔憂</h2>
</div><p>Consumers are already seeing the impact through rising fuel costs.</p>
<div class="lb-trans"><p>消費者已經通過不斷上漲的燃料成本感受到影響。</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>根據汽車協會 AAA 的數據，美國汽油平均價格已從約 3 美元上漲至超過 4.50 美元每加侖。</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 年底以來，美國汽油價格已飆升 42%，而柴油價格因衝突擾亂全球石油和燃料供應而上漲 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>瑞士再保險集團首席市場策略師蓋·米勒警告稱，進一步的上漲可能會在美國造成政治和經濟壓力。</p>
</div><p>At the same time, inflation expectations are rising.</p>
<div class="lb-trans"><p>與此同時，通脹預期正在上升。</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>歐洲中央銀行的消費者預期調查顯示，3 月份的一年期通脹預期攀升至 4.0%。</p>
</div><h2>Airlines and bond markets under strain</h2>
<div class="lb-trans"><h2>航空公司和債券市場承壓</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>航空業也面臨着嚴重壓力，自衝突開始以來，航空燃料價格已上漲近 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 本月早些時候停止運營，稱其倒閉是由於燃料成本上漲。</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>儘管一些航空公司認為供應中斷風險開始緩解，但航空股仍然表現不佳。</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>今年歐洲航空公司股票下跌約 14%，而整體市場上漲了 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>與此同時，債券市場在初次拋售後仍然脆弱，迫使投資者重新評估利率預期。</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>在美國，基準 10 年期國債收益率徘徊在 4.40% 左右，比衝突開始前的水平高出約 40 個基點。</p>
</div><p>Analysts warned that further increases could unsettle equity and credit markets.</p>
<div class="lb-trans"><p>分析師警告稱，進一步的上漲可能會擾亂股票和信用市場。</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>全球市場面臨日益增加的風險，因為美伊緊張局勢加劇，最早出現在 Invezz 上。</p>
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隨着美伊緊張局勢加劇，全球市場面臨越來越大的風險