Global markets plunge as Iran-Israel tensions escalate, oil prices rise
Asian stocks fell sharply Monday after Iran fired missiles at Israel, escalating Middle East tensions. Japan's Nikkei 225 dropped 3.41% to 64,318 points while South Korea's Kospi plunged 6.81% to 7,605. Oil prices jumped 2-3% as Brent crude hit $95.32 and WTI reached $92.59 per barrel. This follows heavy Wall Street losses Friday from tech stock sell-offs. For Nigeria, rising oil prices could boost revenue but increase fuel costs, while global market volatility affects investments and exchange rates. How will you adjust your investment strategy amid these global tensions?
SOURCE: https://www.channelstv.com/2026/06/08/asian-stocks-down-after-us-losses-iran-strikes/