Finance

Brent Jumps to $123, Asian Stocks Extend Losses: Markets Wrap

Oil jumped to the highest level in almost four years due to the failure to make any progress toward reopening the Strait of Hormuz, weighing on risk sentiment despite a boost from megacap tech earnings.

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Bloomberg
April 29, 2026·1 min read
Brent Jumps to $123, Asian Stocks Extend Losses: Markets Wrap

Image: Bloomberg

Oil jumped to the highest level in almost four years due to the failure to make any progress toward reopening the Strait of Hormuz, weighing on risk sentiment despite a boost from megacap tech earnings.

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Brent Jumps to $123, Asian Stocks Extend Losses: Markets Wrap

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