Asia stocks slide as US and Iran threaten to escalate war
Japan's benchmark Nikkei 225 index was almost 3.6% lower, while South Korea's Kospi fell by almost 6%. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Asian stock markets experienced a significant downturn as tensions between the United States and Iran threatened to escalate, with the conflict entering its fourth week.
- Japan's Nikkei 225 index fell nearly 3.6%, and South Korea's Kospi dropped by almost 6%.
- US President Donald Trump warned of targeting Iranian power plants if the Strait of Hormuz shipping route is not opened.
- The International Energy Agency chief, Fatih Birol, stated the situation could lead to the world's worst energy crisis in decades.
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Kenya Airways says Iran war has led to demand hike for its flights - March 2026
Kenya Airways has reported a significant surge in flight demand, attributing the increase to the ongoing conflicts in the Middle East, particularly the US-Israeli war on Iran. This comes as Asian stock markets experienced a significant downturn as tensions between the United States and Iran threatened to escalate, with the conflict entering its fourth week. Global oil prices simultaneously plummeted and stock markets rallied after US President Donald Trump announced progress in talks aimed at halting the conflict in the Middle East. At the same time, COMESA warned businesses across its member states against exploiting the Middle East crisis for price gouging and engaging in anti-competitive practices.
