Fireplace and smoke rise into the sky after an Israeli assault on the Shahran oil depot on June 15, 2025 in Tehran, Iran.
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Asia-Pacific markets plunged Monday, after the US’ assault on three nuclear websites in Iran raised oil costs and traders’ fears of an escalation within the Center East battle.
Oil costs have spiked in latest weeks following the elevated tensions within the Center East.
Brent Crude was buying and selling at $79.06 per barrel after surging 2.62%, as of 8.10 a.m. Singapore time, whereas the West Texas Intermediate crude added 2.75% to $75.89.
Japan’s benchmark Nikkei 225 fell 0.58%, whereas the broader Topix index declined 0.48%.
In South Korea, the Kospi index misplaced 1.16%, whereas the small-cap Kosdaq plunged 1.99%.
Over in Australia, the S&P/ASX 200 began the day 0.49% decrease.
Futures for Hong Kong’s Hold Seng index stood at 23,396, pointing to a weaker open in comparison with the HSI’s final shut of 23,530.48.
— CNBC’s Lisa Kailan Han, Sean Conlon, Brian Evans contributed to this report.