Afbeelding: investingLiveinvestingLive Asia-Pacific market moving news: Oil jumps as US-Iran war spreads, Hormuz tankers struck
• Oil prices surged on Monday, July 20, 2026, following reports that the conflict between the US and Iran has escalated, resulting in attacks on tankers in the Strait of Hormuz. • In separate financial news, South Korea announced plans to ease access to the won as part of a broader strategic goal to make the currency freely convertible. • These developments are driving volatility across Asia-Pacific markets, as energy security concerns clash with regional currency reforms.
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