Friday, April 3, 2026

International oil prices surge 10% after Iran airstrike fallout; safe-haven yen also jumps

Input
2026-03-02 08:43:20
Updated
2026-03-02 08:43:20
An Airbus SE satellite image shows the residence of Ali Khamenei in Tehran, Islamic Republic of Iran, after the airstrikes carried out by the United States of America (U.S.) and Israel on the 28th of last month (local time). Source: News1.

[The Financial News] Volatility in global asset markets has been rising recently, as international oil prices surge in the wake of airstrikes on the Islamic Republic of Iran by the United States of America (U.S.) and Israel.
According to foreign media reports on the 2nd, Brent Crude Oil was trading in the over-the-counter market at around 80 dollars per barrel, up roughly 8–10% from the closing price on the 27th.
The yen–dollar exchange rate slipped slightly to 155.85 yen per dollar, indicating a strengthening of the Japanese yen.
As geopolitical uncertainty grows, including the airstrikes by the U.S. and Israel and retaliatory moves by the Islamic Republic of Iran, investors are increasingly concerned about rising energy costs and potential disruptions to logistics.
Meanwhile, Bitcoin, which is classified as a risk asset, was trading at around 65,000 dollars as of 8:35 a.m. that day. Bitcoin had fallen to around 63,000 dollars immediately after the airstrikes on the 28th, but it has been gradually recovering in price.
yimsh0214@fnnews.com Im Sang-hyuk Reporter