Sydney, 13 July 2026 – Asian share markets moved lower as escalating tensions in the Gulf drove oil prices sharply higher, reigniting concerns over global inflation and the prospect of tighter United States monetary policy.

The cautious opening reflected growing unease that disruption around the Strait of Hormuz could affect global energy supplies. The strategic waterway is one of the world’s most important routes for oil shipments, making any restriction on vessel movements a significant risk for energy-importing economies across Asia.

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Author

Bernard Lee

Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.