Asia-Pacific markets are set to collapse after Iran’s attack, with oil prices rising more than 8%
On March 1, 2026, an Israeli and US attack on Iran in Jerusalem is followed by a missile launch by Iran, which is followed by a deterrence attempt by Israel.
Ammar Awad | Reuters
Asia-Pacific markets fell on Monday after a US and Israeli attack on Iran that killed Iran’s Supreme Leader Ayatollah Ali Khamenei, sharply escalating tensions in the Middle East.
Oil futures rose more than 8% on Monday, with West Texas Intermediate futures and Brent trading at $72.52 and $79.04 a barrel, respectively.
of Japan Nikki 225 Futures showed a 1.5% decline. Futures contracts in Chicago were at 57,835, compared with the index’s previous close of 58,850.27. The Osaka contract was at 57,780.
of Australia S&P/ASX 200 It fell 0.55% in early trade.
Hong Kong Hang Seng Index Futures were at 26,465, below the previous close of 26,630.54.
Markets in South Korea are closed for public holidays.
Stock futures fell in overnight trade after the weekend ended in Iran. Futures on the Dow Jones Industrial Average fell 517 points, or 1%. S&P 500 futures fell 1% and Nasdaq 100 futures fell a little more than 1%. Gold futures rose 2% as investors piled into global safe havens.
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