Nikkei 225 slides as Middle East tensions spike oil prices
TL;DR Summary
Japan's Nikkei 225 plunged—dropping as much as 7.5% intraday and more than 4,200 points, the second-largest intraday drop on record—as worries about oil-supply disruptions from the Middle East push crude higher. WTI surged toward $119 per barrel, raising energy costs that could squeeze corporate profits and fuel inflation amid Strait of Hormuz disruptions that threaten about 20% of global oil supply.
- Nikkei 225 plunges more than 4,000 points on Monday nhk.or.jp
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- Japan's Nikkei 225 share index falls more than 6% as oil soars over $100 a barrel Yahoo Finance
- Japan’s Nikkei 225 share index falls more than 6% as oil soars over $100 a barrel AP News
- Japan stocks drop more than 7% as crude oil surges past $100 Nikkei Asia
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