Asian stock markets were mostly lower on Tuesday after mixed cues from Wall Street, as elevated crude oil prices, ongoing hostilities in the Middle East and Eastern Europe, and inflation concerns pushed global yields higher. Iran continues to assert control over the Strait of Hormuz, with ship attacks more frequent than at any point in the war. Markets expect the US Fed to hold rates next week while pricing in roughly a 94% chance of a rate hike in December. Australia’s S&P/ASX 200 fell 0.72% to 8,782.00, led by miners and financial stocks, while National Australia Bank plans to cut 2,500 jobs and Ingenia Communities jumped more than 10% as it negotiates with Warburg Pincus over a $2.14 billion takeover offer. Japan’s Nikkei 225 fell 0.62% to 64,512.35 in the morning session.
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Asiaoil pricesStrait of HormuzIranFed
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Related tickers and likely impact
VNINDEX
▼ Likely negativeRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/19/2026 | 1,689.84 |
| Change that session | -0.94% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Iran plan to open shipping lane still on the table
Foreign Minister Abbas Araqchi says Iran's seven-day proposal to reopen the Strait of Hormuz is still on the table, while Iran's security chief said talks had stalled over Washington's failure to address all seven conditions. Tehran's conditions include lifting the US blockade of its ports and sanctions on its oil exports, and ending hostilities on all regional fronts; if accepted, the strait could reopen within six days. Washington insists on addressing Iran's nuclear program from the outset, with Vice President JD Vance demanding a "meaningful" cut in uranium enrichment. Iran's Revolutionary Guards say two oil tankers caught fire after hitting naval mines, a claim IRNA reported without independent confirmation, and a container ship and a dry bulk carrier sank after being hit by projectiles. Attacks around the strait have surged over the past two weeks, adding to disruptions that have boosted global energy prices and inflation.
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