US-Iran Conflict and Russia-Ukraine War Rattle Global Markets

글로벌 시장 | Wed Jul 29 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 9 sources

Middle East geopolitical risks, plunging oil prices, and strength in Asian equities drove heightened volatility across global markets.

Analysis

[US Central Command] intercepted surprise missile attack from Iran ^[5][4]

• Intercepted multiple ballistic missiles targeting US military bases in the Middle East
• Ended the temporary pause in direct US-Iran strikes
• Maintained US military alert posture

[Iran-Saudi Arabia-Oman] held diplomatic talks to stabilize the Strait of Hormuz ^[7]

• Iranian Foreign Minister held phone talks with Saudi and Omani counterparts
• Oman proposed a voluntary toll plan backed by Gulf states
• Referenced a model similar to the Strait of Malacca

[US Stock Market] faced upward pressure on oil and Treasury yields amid Middle East war risk ^[6]

• S&P 500 sat 2% below its June record high
• Brent crude briefly topped $90 per barrel
• 10-year Treasury yield rose above 4.6%
• Tech sector defended the index

[Emerging Market Currencies and Asian Equities] traded mixed on plunging oil prices ahead of Fed decision ^[3][1]

• Oil prices plunged on optimism over US-Iran negotiations
• Traders adjusted positions ahead of the Fed rate decision
• Singapore stocks posted best monthly gain since 2020 on bank strength

[Kyushu Region Japanese Companies] faced share price pressure from magnitude 7.1 earthquake ^[2]

• Kyushu-based companies including Aeon and Nippon Paper affected
• At least 5 people killed

[Ukraine-Russia War] saw EU's largest sanctions package against Russia and expanded long-range strikes by Ukraine ^[9][8]

• EU unveiled its largest sanctions package in 4 years targeting some 220 individuals and entities
• Targeted over 100 banks
• 40 shadow fleet vessels
• and Russian and Belarusian oil refineries
• Ukraine's strike on Iranian merchant vessel in Caspian Sea overlapped with Middle East conflict
• Russian attack cut power to 150
• 000 people in Chernihiv region

Sources

• [1] Singapore Stocks Head for Best Month Since 2020 as Banks Jump - Bloomberg Markets
• [2] Japan Quake May Weigh on Shares Including Aeon, Nippon Paper - Bloomberg Markets
• [3] Emerging Currencies Traded Mixed Amid Oil Plunge, Fed Bets - Bloomberg Markets
• [4] US says it intercepted ‘surprise’ Iranian missile attack - Financial Times
• [5] US thwarts surprise attack on Middle East bases from Iran - Seeking Alpha Market News
• [6] As the U.S.-Iran war heats up again, these parts of the stock market and economy could be affected - CNBC Market Insider
• [7] Iran hosts Hormuz calls with Saudi Arabia, Oman as Trump hails ‘good talks’ - CNBC Energy
• [8] Ukraine strikes Iranian vessels in Caspian Sea, Tehran accuses Kyiv of 'hostile and criminal act' - CNBC Energy
• [9] Russian attack cuts power to around 150,000 in Ukraine’s north as Kyiv hits missile, oil facilities - CNBC Energy