Oil prices fall back from a six-month high and Asian shares slip, but Middle East tensions keep traders on edge
Brent settled at $116.72 on Friday after the Houthis struck Saudi airports and oil facilities, capping a 6% weekly jump. Crude has surged nearly 90% this year because of war-related supply disruption. President Donald Trump said it was 'getting to be decision time' on whether to reach a deal with Tehran or 'finish it off'. Saudi Arabia said on Sunday it had intercepted more missiles and drones.
Seoul's Kospi dropped 1.1% and Shanghai lost 0.4% in a jittery Monday session.
Alphabet, Microsoft and Amazon all report results this week amid fears of an AI bubble.
The Houthis are threatening further attacks even as Hormuz shipments recover towards pre-war levels.
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The IndependentShares fall in Asia after a decline on Wall Street, and oil prices fall more than 1%ReutersAsian shares make cautious start, Brent eases from six-month highReutersOil prices down almost $1 in early tradingTradingKeyCrude Oil Price Forecast: Brent Drops From Near Six-Month High and Falls Below $110, Can Middle East Supply Risks Limit Losses? - TradingKeyIndia.comBrent crude oil prices slip after hitting six-month high as US-Iran tensions keep markets on edge - India.comGreater KashmirShares fall in Asia after decline on Wall Street, oil prices fall more than 1% - Greater KashmirBusinessToday MalaysiaAsian Shares Slip As Oil Retreats From Six-Month High - BusinessToday MalaysiaNation ThailandBrent falls 1.34% on October 26 despite Saudi supply fears - Nation ThailandFinancial TimesOil price falls back as traders remain focused on Middle East conflict
