# Emerging Stocks Halt Advance as Hormuz Tensions Rise

> Middle-East tensions cause emerging-market stocks to drop as oil prices surge.
- Title: Emerging Stocks Halt Advance as Hormuz Tensions Rise · mint
- Summary: Middle-East tensions cause emerging-market stocks to drop as oil prices surge. Emerging-market stocks fell after Iran increased tanker attacks in the Strait…
- Keywords: emerging-markets, strait-of-hormuz, iran, brent-crude, dollar, oil-prices, stock-market, money, business, Emerging, Stocks, Halt
- Source: mint — https://livemint.com/market/emerging-stocks-halt-advance-as-hormuz-tensions-come-into-focus-11791429511558.html
- Published: 2026-10-08T03:18:31+00:00
- Read time: 1 min
- Topics: emerging-markets, strait-of-hormuz, iran, brent-crude, dollar, oil-prices, stock-market, money, business
## Emerging Stocks Halt Advance
Emerging-market stocks halted their advance and an index gauging the asset class’s currency returns declined as a flare-up in Middle-East tensions boosted the oil price and the dollar.
## Iran Escalates Tanker Attacks
Iran ratcheted up the pace of attacks on tankers in the Strait of Hormuz, sending Brent crude prices to more than $101 per barrel.
## Oil Shipments Return to Near Pre-War Levels
The attacks come just as oil shipments through one of the world’s most important energy waterways finally return to near prewar levels.
## India’s Rupee Slumps
India’s rupee slumped 0.3% against the dollar after the central bank raised interest rates for the first time in almost four years.
## Key takeaway

Emerging-market stocks fell after Iran increased tanker attacks in the Strait of Hormuz, pushing oil prices above $101 per barrel.