Asia-Pacific markets tumble after Iran strikes, oil prices jump by over 8%
Following the attacks of Israel and the USA against Iran in Jerusalem on March 1, 2026, missiles were launched from Iran and attempts to intervene were made by Israel.
Ammar Avad | Reuters
Asia-Pacific markets fell on Monday as conflict between Iran and the US-Israel escalated following the death of Iran’s Supreme Leader Ayatollah Ali Khamenei and concerns over energy supplies.
US President Donald Trump said on Sunday that combat operations in Iran will continue following the killing of three US soldiers.
Oil futures rose more than 8 percent; West Texas Intermediate futures and Brent were last traded at $72.52 and $79.04 per barrel, respectively. Gold futures rose 2.3 percent as investors flocked to the global safe haven.
of japan Nikkei 225 It fell almost 2% at the open, while the Topix fell 2.1%.
Mitsubishi Heavy Industries, Kawasaki Heavy Industries and IHI, which have defense businesses, were up more than 1%.
Australia’s S&P/ASX 200 index lost 0.38% in early trading.
Hong Kong Hang Seng index Futures traded at 26,465, below the previous close of 26,630.54.
South Korean markets were closed for a public holiday.
Stock futures fell in overnight trading following the weekend strike in Iran. Dow Jones Industrial Average futures fell 517 points, or 1%. S&P 500 futures lost 1 percent and Nasdaq 100 futures lost just over 1 percent.
