The US and Iran have launched a new round of attacks against each other, and the two countries have issued conflicting statements about the right to pass through the Strait of Hormuz. Affected by this, individual stocks in the Asian energy sector may follow the rise in oil prices. Brent crude oil rose 5.4% last week and has now surpassed 78 US dollars per barrel; WTI crude oil is trading around 74 US dollars per barrel, and European gas has increased as much as 2.7%. Last weekend, Iran claimed that the Strait of Hormuz would be “closed indefinitely” from now on, but the US Central Command said the channel is still open to all ships.

The US and Iran have launched a new round of attacks against each other, and the two countries have issued conflicting statements about the right to pass through the Strait of Hormuz. Affected by this, individual stocks in the Asian energy sector may follow the rise in oil prices. Brent crude oil rose 5.4% last week and has now surpassed 78 US dollars per barrel; WTI crude oil is trading around 74 US dollars per barrel, and European gas has increased as much as 2.7%. Last weekend, Iran claimed that the Strait of Hormuz would be “closed indefinitely” from now on, but the US Central Command said the channel is still open to all ships.