A currency trader works near a screen showing international oil prices at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, April 9, 2026.
| Photo Credit: AP
Oil rose again to above $97 a barrel and Asian stocks were trading lower on Thursday (April 9, 2026) on skepticism over a fragile ceasefire between the U.S. and Iran.
Investors were closely watching whether a two-week ceasefire between the United States and Iran was already slipping after a round of deadly Israeli strikes on Lebanon that killed and injured hundreds. Iran again closed the Strait of Hormuz, in response to the attacks in Lebanon.
Tokyo’s Nikkei 225 dropped 0.9% to 55,824.30, while South Korea’s Kospi lost 1.6% to 5,776.03.
Published – April 09, 2026 10:55 am IST
Source: https://www.thehindu.com/business/oil-prices-rise-again-and-asian-stocks-retreat-on-the-fragile-iran-ceasefire/article70841339.ece
