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ReportedShipping, energy & marketsTokyo, Japan, and Seoul, South Korea

Oil rebounds to about $92 and Asian stocks fall after the U.S.-Iran exchange of strikes

Mountain Time
Local time
12:10 PM in Tokyo, Jun 10
Where
Tokyo, Japan, and Seoul, South Korea

Brent crude rose 0.9 percent to $92.29 a barrel and U.S. WTI 0.8 percent to $88.97 in early Asian trade, moving off a seven-week low as U.S. strikes on Iran and Iranian retaliation unsettled markets; Japan's Nikkei fell 0.9 percent and South Korea's KOSPI 2 percent, and both extended their losses later in the session.

Why it matters

A Saxo strategist said oil holding near $90 showed markets were not pricing a sustained supply disruption, leaving room for a sharper move if energy sites or shipping were hit.

Sources (5)

Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels

Correction

  • Corrected the time from 3:10 AM GMT, Jun 10, 2026 to 12:10 PM Tokyo time, Jun 10, 2026; corrected the headline (it read "Asian shares slide as oil holds near USD 92 after strikes"); revised the summary; revised the context note; corrected the location from Asian equity markets / global oil market / Strait of Hormuz risk to Tokyo, Japan, and Seoul, South Korea; reclassified it from market to energy-markets; updated the sourcing note; added 3 sources: Al Jazeera live blog, The Guardian live blog; removed Trading Economics Brent as a source (a live price page, not a report); removed Trading Economics WTI as a source (a live price page, not a report). Why and evidence
Oil-market board labeled Pump and Circumstance with a pump jack, stock arrows, and risk-premium gauges.
Markets try to look normal while the oil gauge disagrees. Illustration, not a photograph or evidence.