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 are set to plunge Monday, after america’ 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 $78.88 per barrel after surging 2.48%, as of seven.30 a.m. Singapore time, whereas the West Texas Intermediate crude added 2.48% to $75.65.
Japan’s benchmark Nikkei 225 was set to open decrease, with the futures contract in Chicago at 38,310, whereas its counterpart in Osaka final traded at 38,370, in opposition to the index’s Friday shut of 39,403.23.
Futures for Hong Kong’s Dangle Seng index stood at 23,396, pointing to a weaker open in comparison with the HSI’s final shut of 23,530.48.
Australia’s S&P/ASX 200 can also be slated to open decrease, with futures tied to the benchmark at 8,469, in comparison with its final shut of 8,505.50.
— CNBC’s Lisa Kailan Han, Sean Conlon, Brian Evans contributed to this report.
