Oil prices after Hormuz attack and US airstrikes 70dollar breakthrough, yen 162starts weak in the yen range
Following reports of a vessel being attacked in the Strait of Hormuz and US military airstrikes against Iran, international oil prices 70surpassed the dollar mark. As a result, 7 month 8 day, the yen was weak at around 162 yen per dollar, and 10 year government bond futures opened lower. Financial markets and commodity-related sectors reacted immediately.
After a vessel was attacked in the Strait of Hormuz, international oil prices exceeded 70the dollar level. For investors, fluctuations in crude oil prices are directly linked to revenue and cost structures.
7 month 7 day’s vessel attack was cited as a background factor behind the rise in international oil prices. In the early hours of 7 month 8 day, reports emerged that the US military had begun airstrikes against Iran, heightening tensions.
The announcement of the US airstrikes was accompanied by sanctions against Iran. Military and sanctions-related news is interpreted as a factor causing concern over crude oil supplies.
7 month 8On the day, the yen opened lower in the Asian market, trading in the 162yen range per dollar. Rising international oil prices affected risk assets and currency markets.
Amid an overnight escalation in geopolitical tensions, 10government bond futures opened on a weaker note. In the bond market, both safe-haven demand and interest-rate volatility are being observed.
In summary, the military clash near the Strait of Hormuz and the U.S. response to it caused immediate volatility in oil prices, exchange rates, and bond futures. The possibility of further volatility stemming from related announcements remains for the time being.