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World Markets Mixed, India Shares Slip as Oil Settles at $112.14 After Spiking to $119 Amid UAE Attack Report

World Markets Mixed, India Shares Slip as Oil Settles at $112.14 After Spiking to $119 Amid UAE Attack Report

Yekkirala Akshitha
May 6, 2026

World markets ended mixed across major exchanges , with India shares slipping, as oil prices remained in focus after Brent crude settled at $112.14 per barrel following a sharp spike to $119 on reports of an UAE oil facility attack linked to Iran–Israel tensions , keeping global sentiment cautious and risk-averse.

Markets opened cautiously at the opening bell across Asia, Europe, and the US, with sentiment dominated by concerns over inflation, energy disruption, and uncertainty around shipping routes in the Strait of Hormuz .

In Asia-Pacific, trading was uneven. Japan’s Nikkei, South Korea’s KOSPI, China’s Shanghai Composite, and Hong Kong’s Hang Seng all moved in mixed territory. Importantly, India’s benchmark Sensex fell 0.4% , while the Nifty also traded lower, as investors reacted to rising crude oil prices and weak global cues. Australia’s S&P/ASX 200 declined after the central bank raised interest rates to 4.35%, while Taiwan’s Taiex posted modest gains.

In Europe, markets also diverged. The UK’s FTSE 100 fell, while France’s CAC 40 and Germany’s DAX advanced, reflecting sector-specific strength despite broader caution. Other European indices also showed mixed performance amid global uncertainty.

In the United States, equities closed lower at the closing bell , with the S&P 500 , Dow Jones Industrial Average , and Nasdaq Composite all ending in negative territory after pulling back from recent record highs due to profit-booking and geopolitical concerns.

Energy markets remained the key global driver. Brent crude oil stood at USD 112.14 per barrel , after briefly crossing $114 earlier in the session, while US crude also remained volatile amid continued fears of supply disruptions.

Across global exchanges, including major markets in Asia, Europe, North America, and emerging economies, sentiment remained fragile as tensions in the Gulf region persisted. Maritime disruptions in the Strait of Hormuz continued despite US-led efforts under “Project Freedom” to secure shipping lanes.

Currency markets saw the US dollar strengthen slightly against the Japanese yen , while the euro remained largely stable.

World Markets Mixed, India Shares Slip as Oil Settles at $112.14 After Spiking to $119 Amid UAE Attack Report - The Morning Voice