Iraq Iran War
Workers walk in an area at a degassing station in Zubair oil field, whose operations have being reduced due to the Mideast war triggered by the U.S. and Israeli attacks on Iran, near Basra, Iraq, Saturday, March 28, 2026.
As featured on
Asian shares are mostly declining, as worries continue about soaring oil prices and the potential for further escalation in the U.S. war with Iran. Benchmarks slipped in early Monday trading in Tokyo, Sydney, Seoul, Hong Kong and Shanghai. The drops follow the deep declines on Wall Street last Friday that finished off a fifth straight losing week, its longest such streak in nearly four years. Worries have been great in Japan and the rest of Asia about the effective lack of access to the Strait of Hormuz because of the war in Iran, as the region relies greatly on such access for oil shipments. Oil prices climbed.
