Global markets after Iran strikes: oil surges, airlines sink, bonds defy safe-haven playbook
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Asian markets started the day lower across the board, with major markets in the region in negative territory.
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In this article ADI WDS-AU Follow your favorite stocks CREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during morning trading on February 27, 2026 in New York City. Michael M. Santiago | Getty Images Global markets opened the week on the back foot after U.S. and Israeli strikes on Iran heightened tensions in the Middle East and rattled investors. Asian markets started the day lower across the board, with major markets in the region in negative territory. However, some losses were partially offset by gains in oil and gold mining stocks, particularly in Australia. Here are all the notable moves in financial markets as the Middle East conflict plays out. Energy and gold sparkle Energy prices surged as investors priced in the risk of a broader Middle East conflict and lifted gold's safe haven appeal. U.S. crude oil rose more than 8%, or $5.55, to $72.57 per barrel by 6:41 p.m. ET. Global benchmark Brent jumped about 9%, or $6.54, to $79.41. Both benchmarks later pared gains to over 7%. Oil markets are now focused on the Strait of Hormuz, the world's most critical energy chokepoint. While the waterway has not been formally closed, tanker traffic has slowed to a near standstill amid surging war-risk insurance premiums and shipping suspensions, JPMorgan said in a note, forcing an "immediate repricing of geopolitical risk rather than a measured response to fundamentals." The bank also warned that if disruptions extend beyond three weeks, Gulf producers could exhaust storage capacity and be forced to shut in output, a scenario that could push Brent into the $100–$120 range. In Asia, energy stocks like Woodside Energy and Santos in Australia jumped over 6%, as did Tokyo-listed Inpex and Japan Petroleum , which saw huge spikes of 6.08% and almost 12% respectively. Gold miners, mainly concentrated in Australia, also advanced over 4%, including Northern Star Resources and Evolution Mining . Airline stocks remain grounded Airline stocks were the large...
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