Tokyo stocks end lower on U.S.-Israeli strikes on Iran
The 225-issue Nikkei Stock Average ended down 793.03 points, or 1.35 percent, from Friday at 58,057.24. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Tokyo stocks experienced a significant downturn on Monday, with the benchmark Nikkei index dropping over 2 percent. The decline was primarily driven by concerns following joint military strikes by the United States and Israel on Iran.
- The Nikkei index ended down 793.03 points, or 1.35 percent, at 58,057.24.
- Key players involved include the United States, Israel, and the Iranian government.
- Contributing to the market's volatility was the reported shutdown of the Strait of Hormuz, raising fears of oil supply disruptions.
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Oil Prices Jump as Conflict Escalates Near Strait of Hormuz - March 2026
Global oil prices surged and stock markets fell as escalating conflict in the Middle East led to attacks on ships near the Strait of Hormuz. Thailand responded by ordering an immediate suspension of oil exports and establishing an emergency energy monitoring center amid heightened tensions. The ongoing Middle East crisis has significantly impacted air travel, with Jomo Kenyatta International Airport experiencing a surge in parked aircraft as Gulf carriers rerouted flights. Tokyo stocks experienced a downturn with the benchmark Nikkei index dropping over 2 percent following joint military strikes by the United States and Israel on Iran. Meanwhile, Kenya's vital tea export sector faces significant uncertainty due to the escalating crisis, disrupting supply chains to key Gulf markets.
