Oil Crisis Hits Asian Markets | Tulsa News

Asian markets plunged today as Wall Street’s slide spilled over, fueled by oil prices stubbornly above $100 a barrel—thanks to escalating tensions choking the Strait of Hormuz. Tokyo, Seoul, and Hong Kong all tumbled, while energy stocks soared and diesel hit record highs, squeezing retailers like Amazon and Starbucks while boosting oil giants. The U.S. stepped up with direct strikes on Iranian tankers, reigniting a February conflict that’s already disrupted global oil flows. Ahead: key inflation reports—the Producer Price Index today, Consumer Price Index tomorrow—likely confirming stubborn inflation that’s rattling the Fed. Meanwhile, Meta jumped after unveiling its new AI assistant, and the Treasury unveiled a plan to buy back billions in bonds to tame soaring yields and ease corporate borrowing costs. Listen in comfort:Get a discount on a Soli Pillow: http://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/52379eff7a9b6b42