Macro Finance
Emerging Stocks Slide as Oil Gains on Renewed Mideast Tensions
Bloomberg Markets·September 28, 2026·1 min read
Emerging-market equities declined, weighed by higher oil prices and global bond yields after US President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz. The rejection heightened Mideast tensions, pushing oil prices up and pressuring risk assets. Investors fled to safer havens as geopolitical risks escalated.
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