Asian Markets Plummet Amid US-Iran Tensions

0:00On March 23rd, Asian stock markets took a big hit on Monday amid rising tensions between the United States and Iran over the strait of Hormuz. Japan's Nikkei Index dropped 3.4% in early trading, and South Korea's Kaspi fell nearly 5% as fears grew over the ongoing conflict. President Trump issued a stark warning over the weekend, giving Iran just 48 hours to fully reopen the vital shipping route or face attacks. On its power plants, Iranian leaders fire back, promising to destroy key energy and water facilities across the region, if struck. To Pan and South Korea have felt the biggest squeeze so far, since they rely heavily on oil and gas shipments through the strait, which Iran has. Block since February 28th. The head of the International Energy Agency warned that the war risks sparking the worst energy crunch in decades, blending two oil shocks and a gas. Meltdown, like those from the 1970s and Russia's invasion of Ukraine, Hong Kong's hang saying

1:01slid 2.5%, and Taiwan's index lost 2%, while global oil prices stayed mostly flat with brand crude, dipping just 0.2% to about $112 a barrel. As threats continued to escalate, energy markets braced for deeper disruptions. That's the story for today. Global News Today, Driven by AI, I'm Cory with the story.