Global Stock Markets Decline Amid Escalating Middle East Tensions and Rising Oil Prices

Global equity markets declined sharply amid escalating Middle East tensions following U.S. and Israeli strikes on Iran. Japanese stocks fell notably, with the Nikkei dropping over 3%, driven by concerns over rising oil prices, inflation, and currency fluctuations. European shares also declined amid fears of prolonged conflict and inflationary pressures. Asian markets extended losses, led by South Korea, as investors reacted to heightened geopolitical risks and rising crude oil prices, which surged past $79 a barrel. Market uncertainty is impacting sectors including transportation, energy, and technology.