Brief by Shorts91 Newsdesk / 09:00am on 23 Mar 2026,Monday International
Asian stock markets fell sharply as the US and Iran warned of more action in the ongoing war. Japan’s Nikkei dropped 3.5%, while South Korea’s Kospi fell 6.5%. Oil prices rose as the Strait of Hormuz remained blocked. “Worst energy crisis in decades,” an energy chief said, warning of global impact. The route carries about 20% of the world’s oil. US President Donald Trump threatened strikes on Iran’s power plants. Iran warned of strong retaliation. Rising fuel prices increased fears of higher costs worldwide. Markets stayed tense as investors watched the conflict closely. (PC: AFP via Getty Images)
