Asian Markets Plummet, Oil Prices Swing

Asian markets plummeted today, echoing Wall Streets retreat from record highs, due to thin trading as Japan, South Korea, and mainland China were closed for holidays. Oil prices surged and then plunged on U.S.-Iran tensions, with Brent crude settling at $113.22 per barrel, down over a dollar, and U.S. crude hitting $104.34. The fragile ceasefire in the Persian Gulf is under strain, with the Strait of Hormuz still mostly shut despite U.S. demands. U.S. forces sank six Iranian boats targeting civilian ships, but two American-flagged vessels made it through under protection. Analysts warn of increasing risks of clashes in the Persian Gulf. Wall Street closed lower yesterday, with the S&P 500 off 0.4%, the Dow down 1.1%, and the Nasdaq slightly softer. GameStop shares plummeted 10% on news of a bid for eBay. The dollar edged up slightly against the yen. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/48e32a2f7a4afaec