Oil Prices Jump and Asian Markets Fall After Iran Launches Missile Attack on Israel

Iran launched a missile attack against Israel, intensifying regional tensions. The strike came amid a fragile cease‑fire that had held since the recent conflict. In response, global oil prices surged, reflecting fears of supply disruptions. Benchmark crude futures rose by several percent within hours of the attack. Asian equity markets opened lower, with major indices slipping across the region. Investors cited the heightened geopolitical risk as the main driver of the sell‑off. Analysts warned that continued hostilities could further destabilise energy markets. Markets will watch for any diplomatic moves that might calm the situation.