Oil Prices

Finance·Jul 24, 2026

Asian Markets Tumble as Oil Spike and AI Spending Doubts Converge

Seoul dropped more than 3 percent and Tokyo fell sharply as tech giants faced scrutiny over massive capital outlays, while Brent crude held above $100 amid renewed Middle East tensions.

By Cheng Wei-Lun · 4 min ·

Asia's overnight moves, distilled into a five-minute read.

Thailand Faces Energy Crunch as Mideast Tensions Rise

Why Energy Markets Always Get the Next Crisis Wrong

Dollar Strengthens Against Vietnam Dong as Oil Shock Fuels Global Inflation Fears

Malaysian Equities Retreat as Oil Surge and Tech Sell-Off Cloud Outlook

Asian Markets Tumble as Oil Spike and AI Spending Doubts Converge

Malaysia's Benchmark Index Climbs as Energy Stocks Offset Banking Weakness

Malaysian Ringgit Slips as Oil Surge Revives US Rate Hike Bets

Brent Crude Hits Six-Week High as Strait of Hormuz Closure Looms

Tech Rally Pushes Asian Markets Higher as Brent Crude Tests $92

Malaysia's Benchmark Index Retreats as Geopolitical Risks Weigh on Sentiment

Malaysia's Ringgit Strengthens as Brent Crude Surges Past $94

Asian Tech Stocks Surge 3% Despite Escalating Gulf Conflict

Indian Rupee Falls to 95.62 Against Dollar on Strait of Hormuz Closure

Indian Stocks Face Opening Losses as Mideast Tensions Drive Oil Above $85

Philippines Braces for Diesel and Kerosene Price Surge Above P2 per Liter

Tech Selloff Drags Tokyo and Seoul Markets Lower Amid Geopolitical Tensions