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View all search resultsAsia stocks fell on Friday and were headed for their sharpest weekly drop in six years while oil prices were poised for their biggest jump in four years in a turbulent week for global markets as the conflict in the Middle East showed few signs of easing.
Asian airline shares remained under pressure on Tuesday as the US and Israeli war against Iran escalated, with carriers closely monitoring fuel price spikes and many seeing a surge in bookings as passengers switch from Middle Eastern airlines.
Brent crude jumped 10 percent to about US$80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after US and Israeli strikes on Iran plunged the Middle East into a new war.
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