Asian markets are cautious as Gulf hostilities keep oil prices high, impacting inflation outlooks and likely leading central banks to pause policy hikes. Hopes for de-escalation emerge with reports of a potential coalition to escort ships through the Strait of Hormuz. Policymakers face elevated energy prices and a potential economic slowdown.
Oil Price Today (March 16): Crude oil gains 1%, above $100 on Trump’s latest threat to Iran. Here’s why
Crude oil prices surged past $100 per barrel as President Trump warned Iran that its vital Kharg Island oil hub could be targeted, sparking fears