Oil Supply
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Tokyo stocks fall for third day amid Middle East tensions, economic concerns
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Tokyo stocks declined for a third consecutive day as tensions escalated in the Middle East over Iran. Bank of Japan Governor Kazuo Ueda warned of significant potential impacts on the economy, while the government stated there would be no immediate disruptions to oil supplies.
As Middle East tensions worsen after U.S. and Israeli strikes on Iran—with no Korean casualties reported—South Korea is prioritizing evacuations for 21,000 nationals in the region, stabilizing plunging markets, and securing oil amid Strait of Hormuz closure fears. This follows initial assurances of stable energy supplies.