Global Markets Slide as US-Iran Conflict Spikes Oil and Bond Yields
7 sources across 7 countries
Who reported this
- La Tercera
- Hindustan Times
- The Jakarta Post
- Aftenposten
- Philippine Daily Inquirer
- Reuters
- Associated Press
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
- A hatched block means the outlet is affiliated with, or controlled by, a state.
Political lean describes where an outlet sits within the politics of its own country. It is never a position on a single global scale.
Political lean is comparable inside one country and not across them, which is why the bar groups by country first. Publicly funded broadcasters are not marked as state-linked.
The owner of each outlet is listed as a matter of record, not as a judgement about the outlet.
Global stock markets and currencies tumbled on Wednesday following a fresh wave of military strikes by the United States against Iranian targets and subsequent Iranian retaliation. The escalation in the Middle East pushed Brent crude oil prices toward 96 dollars per barrel, fueling fears of supply disruptions in the Strait of Hormuz and renewed inflationary pressure. In Asia, the MSCI index for the Asia-Pacific region outside Japan fell 1.5 percent, with South Korea's KOSPI dropping more than 3 percent and Japan's Nikkei 225 falling 2.6 percent. Indian benchmark indices, the Nifty 50 and BSE Sensex, also declined sharply. In the Americas, the S&P 500 fell 0.7 percent and the Nasdaq dropped 1 percent. The volatility extended to currency markets, where the Philippine peso hit a record low of 62.58 per dollar. Simultaneously, a global bond selloff drove yields higher, with the US 10-year Treasury yield reaching an intraday high of 4.8122 percent, its highest level in nearly three years. Market analysts suggest these trends are driven by expectations that central banks may raise interest rates to combat inflation caused by rising energy costs. Federal funds futures currently price a high probability of a 25-basis-point increase by the US Federal Reserve at its upcoming meeting.
How each side framed it
- Centre-left
- These outlets highlighted the broader systemic risks to developed market government bonds and the potential need for aggressive policymaker intervention.
- Centre
- These outlets focused on the objective market data and the direct causal link between geopolitical tensions and economic indicators.
- Centre-right
- These outlets emphasized the impact on specific investment vehicles like Treasury bonds and the role of Chile as a disciplined emerging market refuge.
Sources
- Centre-right Aftenposten: Stock market fall in Asia after new USA attacks against Iran
- Centre Associated Press: Stocks slip on Wall Street under pressure from higher oil prices and rising bond yields - apnews.com
- Centre-right Hindustan Times: Why stock market is down today: Sensex, Nifty crash explained
- Centre-right La Tercera: Treasury bonds hit highs since January 2025 and stock markets close in red due to conflict with Iran that spiked oil
- Centre Philippine Daily Inquirer: Peso hits 62.5:$1 anew amid Middle East tensions
- Centre Reuters: Dollar holds firm at nearly two-week high as Middle East hostilities lift oil - Reuters
- Centre Reuters: Bond selloff deepens as inflation, oil prices jolt markets - Reuters
- Centre Reuters: Asian markets tumble as US-Iran fighting lifts oil and bond yields - Reuters
- Centre-left The Jakarta Post: Asian markets tumble as US-Iran fighting lifts oil and bond yields
100% of the statements in this article were traced back to the source articles listed above.