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Oil shock from Middle East war pushes investors to shun Asian currencies: Reuters poll

MARCH 20, 2026

Summary

Middle East war drives oil sharply higher, hits Asia FX sentiment

Energy importers face inflation and policy constraints

South Korean won, Taiwan dollar pressured by tech outflows

Exporters like Malaysia, China show relative resilience


MARKET NEWS

March 20 Oil shock from Middle East war pushes investors to shun Asian currencies: Reuters poll March 20 Oil prices fall as Netanyahu signals pause in Iran strikes - YAHOO FINANCE March 20 Gold Set for Worst Week in Six Years as War Curbs Rate-Cut Bets - BLOOMBERG March 20 Treasuries Slide as Elevated Oil Prices Fuel Inflation Fears - BLOOMBERG March 20 Gold is supposed to be safe in times of trouble. So why is it tanking? - THE TELEGRAPH March 20 Copper and Aluminum Rise as US, Israel Try to Reassure on War - BLOOMBERG March 20 Saudi Arabia fears oil could hit $180 if Iran war disruptions persist past April - BUSINESDAY March 20 Tinubu’s historic UK visit lures $1.51bn deals - BUSINESSDAY March 20 Sterling rises as BoE keeps rates steady - REUTERS March 20 BOJ’s Ueda Keeps April Rate Hike on Table After Hawkish Hold - BLOOMBERG March 20 Gold prices slump after Fed holds interest rates steady - YAHOO FINANCE March 20 Gold prices slump after Fed holds interest rates steady - YAHOO FINANCE March 20 Energy bills expected to rise by more than £300 this summer - SKYNEWS March 20 Oil Ends Choppy Day as Trump, Netanyahu Try to Ease War Concerns - BLOOMBERG March 20 Dollar set for weekly fall as central banks turn hawkish - REUTERS March 20 Nigeria, UK customs deepen ties on data exchange - PUNCH March 20 Nigeria imports from Europe drop 23% - PUNCH March 20 Brent Jumps 7% to $114 as Spread With WTI Widens to 11-Year High - OILPRICE.COM March 20 The oil market is in uncharted waters and signalling alarm for Europe - THE TELEGRAPH March 20 Regulators, banks to discuss payment systems at summit - PUNCH March 20 Nigeria spends N9tn importing petrol - PUNCH March 20 Despite inflation Moderation, FX Stability, 20 Companies Report N19.81trn OPEX - THISDAY March 20 ICYMI: Naira depreciates against dollar in official FX market - NIGERIAN TRIBUNE March 20 Nigeria records one of highest global fuel price increases as Iran conflict disrupts oil markets March 20 Fuel price surge may disrupt manufacturing, operators warn - PUNCH March 20 African nations to borrow $155 billion this year, S&P says - REUTERS March 20 Bank of England holds interest rates but hints at possible hikes - TELEGRAPH March 19 Foreign investors retreat as Nigeria’s external accounts flip to deficit pressure in 2025 March 19 UK agrees deal to ease migrant returns to Nigeria - BBC March 19 Nigeria, UK sign migration pact to boost mega trade and border security - BUSINESS INSIDER

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