SINGAPORE 30 March 2026 (The Capital Post) – Asian stock markets declined as oil prices surged, with Brent crude on track for its biggest monthly gain on record amid escalating geopolitical tensions in the Middle East.
Regional stock futures pointed lower, including in Japan and the United States, as investors grew increasingly concerned about the impact of rising energy costs on inflation and global economic growth. Ongoing tensions around the Strait of Hormuz have further heightened fears over potential disruptions to global oil supply.
Brent crude rose about 2.4% to US$115.33 per barrel, bringing its monthly gain to roughly 59% — the largest increase since the Gulf War in 1990. US crude also posted a sharp rise of nearly 53% over the same period.
Analysts warned that continued disruptions in key shipping routes could push energy prices even higher, placing additional strain on global supply chains, including food, pharmaceuticals, and transportation sectors.
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At the same time, expectations for interest rates are shifting, with investors anticipating tighter monetary policies as central banks respond to mounting inflationary pressures driven by higher oil prices.
The uncertainty is expected to weigh on global financial markets in the near term, with investors remaining cautious as they monitor geopolitical developments and their broader economic impact.-The Capital Post
