Brent Holds Gain as Iran Tensions Flare Up Again

Brent Holds Gain as Iran Tensions Flare Up Again

From Bloomberg Daybreak: Asia Edition by Bloomberg

May 5, 2026 · 18 min

About this episode

The episode discusses the impact of renewed tensions between the US and Iran on crude oil prices and the Asia-Pacific markets.

Business and finance news from the Asia-Pacific. Crude oil held its gains as the US and Iran exchanged fire, jolting a four-week-old ceasefire and raising concerns that Middle East tensions could escalate again. Brent edged 0.5% lower to just under $114 a barrel at the open Tuesday as escalating tensions around the Strait of Hormuz raised fears about high energy prices and global inflation. Australian shares opened lower, with markets closed in Japan, South Korea and mainland China. US equity-index futures were little changed after the S&P 500 Index retreated from its record on Monday. We spoke to Paul Dobson, Bloomberg's Executive Editor for Asia Markets. And for more on the markets, we heard from Kyle Rodda, Senior Market Analyst at Capital.com speaking to Bloomberg TV hosts Paul Allen and Shery Ahn. See omnystudio.com/listener for privacy information.

People in this episode

Hosts: Paul Allen, Shery Ahn

Guests: Paul Dobson, Kyle Rodda

Topics covered

  • crude oil
  • Iran tensions
  • global inflation
  • Asia-Pacific markets
  • US equity-index futures
  • energy prices

Keywords

  • Brent crude
  • Iran
  • US
  • energy prices
  • global inflation
  • Asia-Pacific
  • equity-index futures
  • Paul Dobson
  • Kyle Rodda

Mentioned in this episode

Organizations: Bloomberg

Places: Iran, US, Strait of Hormuz, Australia, Japan, South Korea, mainland China

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