← Latest news 
Asian shares fall from record highs as oil jumps on Hormuz shipping worries
Economy
Published on 24 April 2026
Investors are rattled by $103 oil linked to Gulf shipping disruptions
Asian markets pulled back from record highs as oil prices climbed again amid renewed shipping troubles in the Gulf near the Strait of Hormuz. The move follows a strong Wall Street session but signals fragile risk appetite in Asia-Pacific, with MSCI’s broad index slipping 0.5%. Futures also point to a weaker European start.
- Asian shares slipped after a renewed surge in oil prices
- Oil rose to around $103 as Hormuz shipping worries resurfaced
- Risk sentiment stayed fragile despite overnight gains in Wall Street
- Europe faces expectations of a weaker opening
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic