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Asian markets fall as US-Iran tensions lift oil prices

Geopolitical conflict and inflation concerns push oil higher and stock markets lower.

AI-assisted coverage comparison, editor-supervised · How this was made

Published
Camera IconHigher ?yields have combined with geopolitical stress to push Japan's Nikkei down 2.1 per cent. (AP PHOTO) Credit: AAP

What this story says

  • Share markets in Asia fell as renewed fighting between the US and Iran increased oil prices.
  • Brent crude futures rose 1.4 per cent to $89.38 a barrel after US forces struck Iranian launchers.
  • Federal Reserve Chair Kevin Warsh's comments on inflation raised the probability of a September rate increase to 57 per cent.
  • Japan's Nikkei index dropped 2.1 per cent and South Korean stocks fell 2.4 per cent.

Who covered it

Left 0%(0)Centre 37%(3)Right 63%(5)

Percentages are shares of the 8 outlets carrying a published leaning rating. 7 of the 15 outlets we know ran this story carry no rating and are not counted in them. Coverage measured .

Trust

42/100

Craft

61/100

Hype

41/100

15 sources · methodology

Thin on the left so far

None of the 8 outlets with a published leaning rating that ran this story are rated left.

This story is still being watched, so it is a count and not yet a finding. Coverage keeps arriving for hours after an event, and a side that has published nothing this morning may publish by tonight. If it is still true when we stop checking, we will say so plainly.

Share markets in Asia declined on Monday as fresh conflict between the United States and Iran led to a rise in oil prices. Bond yields remained elevated after investors increased the probability of a US interest rate hike. Brent futures climbed 1.4 per cent to $89.38 a barrel following US forces striking two of Iran's launchers on Larak island on Sunday. In response, Iran was attacking US forces stationed in Jordan, according to Fox News.

Federal Reserve Chair Kevin Warsh stated on Friday that the central bank had work to do to control inflation. Markets reacted by raising the probability of a September rate increase to 57 per cent, causing short-term Treasury yields to rise sharply. Japan's Nikkei index fell 2.1 per cent, while South Korean stocks dropped 2.4 per cent. MSCI's Asia-Pacific shares outside Japan lost 0.7 per cent.

Disagreement on Iran's response

PerthNow and Channel News Asia reported that Iran was attacking US forces stationed in Jordan. Fox News is cited as the source for this claim by both outlets. None of the other reports mention this specific Iranian action.

What the coverage left out

None of the centre or right-rated reports mentioned the specific details of the US Treasury Secretary Scott Bessent's interview with Reuters, including his plans to meet the head of the Bank of Japan or his comments on the yen's slide. The full reports from PerthNow and Channel News Asia did include this information.

Still developing. We have re-checked which outlets are covering this 5 times, most recently on 31 Aug 2026, 03:00, and will add the sides that appear.

How each side covered it

Our own reading of the reporting listed below, written from the outlets’ articles rather than quoted from them. The reasoning is set out on our methodology page.

Left

0 rated outlets

No outlet rated left has run this story so far. We are still checking, and will say plainly if that does not change.

Centre

3 rated outlets

  • The centre-rated reports from PerthNow and Channel News Asia led with the decline in Asian share markets due to fresh US-Iran fighting and rising oil prices. Both full reports detailed the increase in Brent futures by 1.4 per cent to $89.38 a barrel after US forces struck Iranian launchers. They also highlighted Federal Reserve Chair Kevin Warsh's comments on the need to control inflation and the subsequent market reaction, which lifted the probability of a September rate increase to 57 per cent. Both outlets noted the drops in Japan's Nikkei and South Korean stocks. PerthNow and Channel News Asia also included details on European and US stock futures, as well as currency movements including the dollar against the yen and the euro.

Right

5 rated outlets

  • The right-rated reports from Free Malaysia Today News, The West Australian, The Star Kuala Lumpur, and Globo focused on the fall in Asian shares, the rise in oil prices due to US-Iran tensions, and elevated bond yields. The West Australian specifically mentioned the Nikkei's 2.1 per cent drop and Nasdaq futures shedding 0.5 per cent, linking it to US and Iran exchanging fire in the Gulf. Globo noted that oil rose due to new tensions in the Middle East and that comments from Federal Reserve Chair Kevin Warsh increased the stakes of a high interest rate next month. Free Malaysia Today News and The Star Kuala Lumpur provided brief digests stating oil prices climbed and investors narrowed bets on a rate hike.

Questions about this coverage

How did the left and right cover Asian markets fall as US-Iran tensions lift oil prices?
Of the 8 outlets on this story carrying a published leaning rating, 0% are rated left, 37% are rated centre, 63% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 15. The sections above set out what each side emphasised, in its own terms.
Is Asian markets fall as US-Iran tensions lift oil prices left or right?
Too few of the outlets on this story carry a published leaning rating to say. 8 of them do, and this site does not characterise a field under 12: at that size one newsroom filing moves the share by ten points. The percentages above are the count as it stands.
Is the coverage of Asian markets fall as US-Iran tensions lift oil prices biased?
Asian markets fall as US-Iran tensions lift oil prices is one event reported by 15 outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.
Which side is not reporting Asian markets fall as US-Iran tensions lift oil prices?
When we first saw this story, outlets rated left had barely covered it. Coverage accretes for hours after an event, so that is where to look rather than a verdict — the split above is the current count, and it is the one to read.
Which outlets covered Asian markets fall as US-Iran tensions lift oil prices?
15 that we know of, every one of them listed further up this page with a link to its own report and to what we hold on the publisher. Nothing here is a summary of somebody else's summary: the outlets are named so the original reporting can be read.
What caused oil prices to rise?
Oil prices rose because of fresh fighting between the United States and Iran. US forces struck two of Iran's launchers on Larak island, leading to an increase in Brent futures by 1.4 per cent to $89.38 a barrel.
How did Asian markets react to the news?
Asian share markets slipped. Japan's Nikkei index fell 2.1 per cent, while South Korean stocks dropped 2.4 per cent. MSCI's Asia-Pacific shares outside Japan lost 0.7 per cent.
What did the Federal Reserve say about inflation?
Federal Reserve Chair Kevin Warsh stated on Friday that the central bank had work to do to control inflation. This led markets to increase the probability of a September rate increase to 57 per cent.

Read it at the source

15 outlets, grouped by the leaning a published rating gives them. Every headline links to the original; an underlined outlet name opens our profile of that publisher.

Left

0

No outlet in this group ran the story.

Centre

3

Right

5

Not rated

7

How did this read?

About the coverage, not about the story. We do not ask whether you agree with what happened — we have no honest use for that answer.

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