Global Market Today | Asian stocks track US declines as oil remains in focus

March 13, 2026

Asian stocks mirrored US declines as fears of the Iran war impacting energy supplies and boosting inflation intensified. Oil prices, though slightly lower Friday, remained elevated due to defiant rhetoric regarding the Strait of Hormuz. Investors are now pricing in prolonged inflation and potential impacts on corporate earnings, with Treasury yields rising on inflation worries.

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