Global Markets Decline Amid Rising Tensions in Hormuz

Global markets declined amid rising tensions in the Strait of Hormuz.

The United States is preparing a naval blockade.

After failed talks with Iran in Pakistan.

Donald Trump announced the plan.

The measures are expected to begin soon.

Dow Jones futures fell by 0.5%.

S&P 500 futures dropped by 0.6%.

Japan’s Nikkei fell by 0.7%.

South Korea’s Kospi dropped by 0.9%.

Hong Kong’s Hang Seng fell by 0.9%.

Shanghai index saw slight gains.

Markets reacted to supply disruption fears.