Asia-Pacific Markets Open Higher Amid U.S. Blockade of Iranian Ships in Strait of Hormuz
Asia-Pacific markets opened higher on Tuesday amid a U.S. blockade of Iranian ports in the Strait of Hormuz that began on Monday. Oil prices declined, with West Texas Intermediate crude at $96.73 per barrel and Brent at $97.51 per barrel. Iranian officials stated the blockade will increase global energy prices.
Substrate placeholder — needs review# Asia-Pacific Markets Rise on Tuesday Asia-Pacific markets opened higher on Tuesday. 5%. 88% higher. 74%. 85. 06%. 02%. 2%. Investors in Asia will watch China trade data later in the day on Tuesday.
U.S. m. A cargo ship was loading and unloading foreign trade containers at Qingdao Port in Qingdao City, Shandong Province, China on July 28, 2025.
U.S. blockade will drive global energy prices higher. Mohammad Bagher Ghalibaf, Iran's parliamentary speaker, said in an X post on Sunday: "Enjoy the current pump figures.
Prices Decline Amid Blockade West Texas Intermediate crude was 2.
m. 51 per barrel. 24 on Monday. 74 on Monday. 25 on Monday. 85.
