Yemen’s participation in battle against “Israel” rattles global Markets: Oil surges, Asian stocks decline

SANAA, March 31 (YPA) – Mounting tensions in the Middle East have pushed oil prices sharply higher, while Asian stock markets have recorded notable losses, as fears grow over an expanding conflict and its potential impact on global energy supplies.

Recent figures indicate that Brent crude prices climbed by around 3%, surpassing $115 per barrel, driven by market anxiety over geopolitical developments—particularly following Sanaa’s announcement of its involvement in support of Lebanon, Iraq and Iran against Israeli enemy.

Meanwhile, Asian equities declined significantly, with Japan’s Nikkei 225 dropping 4.5% and South Korea’s Kospi falling by about 3.5%, according to media reports.

Economists attribute this volatility to the ongoing US military presence in the region, coupled with uncertainty surrounding negotiations between Washington and Tehran, which has heightened concerns about possible disruptions to supply chains.

Concerns have further intensified with Sanaa forces entering the conflict through missile and drone strikes, alongside warnings about the potential closure of the Bab al-Mandeb Strait and the Red Sea—key global routes for oil transportation.

Experts warned that if tensions would persist, markets could face continued instability, as investors closely monitor developments that may influence regional stability and energy flows.