# Middle East tensions drive oil prices higher US-Iran missile strikes threaten regional energy supplies - **Source:** [Breaking News on Seeking Alpha](https://brifing.si/source/9a596115-e1cc-45e7-b5ba-070be9ea2998) - **Published:** 2026-07-13 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/937cee13-ae72-4bd0-b63e-25eb6c7aa4df ## Regional tensions shake energy markets Missile exchanges between US and Iran triggered declines in Asian stocks and sharp oil price spikes. Strait of Hormuz tensions raise concerns over global energy supply security. ## Oil prices jump 4% Brent crude rose to $79 per barrel while WTI surpassed $74. Risks to shipping routes in the region caused volatility in energy markets. ## Asian markets open lower Geopolitical risks dampened sentiment in Asian trading. Chinese and Japanese stocks started the week in red as investors flocked to safe-haven assets. ## Strait of Hormuz remains critical This waterway handling 20% of global oil trade represents a strategic chokepoint where any disruption could significantly impact worldwide energy prices. ## Global inflation risks intensify Soaring energy prices may complicate central banks' inflation battles. Potential oil shock effects on supply chains are generating market anxiety. ## Energy security alerts sound Recent developments highlight the international community's vulnerability regarding energy supply stability. Maintaining regional peace remains crucial for global economic stability. ## Sources covering this story - https://seekingalpha.com/news/4613091-asian-markets-mostly-lower-oil-surges-4-as-us-iran-missile-strikes-escalate-tensions?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._