Oil prices jump and Asian shares slip as US and Iran carry out airstrikes
- Posted on July 13, 2026
- By The Toronto Star
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- 1 min read
Geopolitical tensions between the United States and Iran have triggered significant market volatility across global financial markets. Following reciprocal military operations, crude oil prices experienced a sharp surge, reflecting investor concerns about potential supply disruptions. Meanwhile, Asian equity markets declined as risk-averse investors reassessed their portfolios amid escalating Middle East uncertainties and potential economic ramifications.
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