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Asian Markets Slide as Oil Jumps to Four Year High on Iran Strike Fears
Business
Published on 4 May 2026
Tech earnings helped, but oil fear took over
Asian markets fell as Brent crude surged more than 6% to a four-year high near $125 per barrel, driven by reports the US may consider further military action against Iran. While investors found some support in mostly positive tech earnings, the looming risk kept sentiment fragile as Apple’s upcoming results and a lower Europe open added pressure.
- Brent crude jumped over 6% to a four-year peak
- US Iran strike risk spooked investors and dented sentiment
- Tech earnings offered limited comfort ahead of Apple results
- Europe and broader markets brace for a weaker open
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This summarization was done by Beige for a story published on 
Republic