Asia markets open lower as oil surges after U.S. moves to blockade Iran ports
Business
Asia-Pacific markets opened lower Monday, as investors weigh a U.S. naval blockade on Iran's ports after talks between Washington and Tehran failed to produce an agreement to end the conflict in the Middle East. The breakdown of negotiations over the weekend in Islamabad reignited worries that the U.S.-Iran war will last longer than feared, leading to higher oil prices that will continue to strain economies worldwide. Crude oil prices surged on Sunday after the talks ended without an agreement
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