Singapore, 14 July 2026 – Asian markets swung between gains and losses on Tuesday as oil prices climbed to a one-month high, renewed uncertainty surrounding the Strait of Hormuz unsettled traders and expectations of tighter United States monetary policy intensified.

Regional equities initially found support from a rebound in South Korean stocks, but sentiment remained fragile as investors considered the inflationary consequences of higher energy costs and a proposed 20% charge on cargo moving through the strategically important shipping route.

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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.