Asian stocks climb and oil prices slip as traders monitor Iran war developments
Asian stocks advanced on Friday, driven by technology sector gains, while oil prices declined as traders monitored developments in the Iran war. Tensions escalated between the U.S. and Iran following President Trump's declaration that the ceasefire agreement was "over" and subsequent exchanges of attacks.
The story so far
- Jul 8
- Jul 10
How outlets cover it
3 outletsNot rated on the left–right scale. It describes Western party politics and doesn’t fit state media or outlets outside that system, so we show ownership and country instead.
Open questions and key claims
US Central Command stated it had begun 'launching a series of powerful strikes against Iran'.
Iranian Deputy Foreign Minister described the revocation of the sanctions waiver as a 'blatant violation'.
Trump stated, 'We’re going to hit them hard tonight,' and warned of a 'big attack' on Iran.
The International Monetary Fund lowered its global economic growth forecast to 3%, down from 3.1% in April.
US gas prices at the pump sit at an average of $3.79 per gallon – $0.65 per gallon higher compared with a year ago.
Donald Trump declared the Iran-US ceasefire is over, sending oil prices sharply higher.
Micron Technology jumped 4.5% after the memory chipmaker said it would increase its U.S. investments.
South Korea’s Kospi gained 2.5% to 7,475.94.
Who and where
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- Jul 8 – Jul 10◆ This story