Geopolitical tensions spike oil markets. Oil futures surged over 8% following escalating U.S.-Israel conflict with Iran, with West Texas Intermediate reaching $72.92 and Brent crude at $79.79 per barrel. Asian airline stocks plummeted as Middle East airspace disruptions and airport closures mounted. Singapore Airlines fell over 5%, while Japan's ANA and JAL each dropped more than 5%. Cathay Pacific, Qantas, and Eva Air also declined over 4% as investors weighed higher fuel costs and operational disruptions. Energy and defense stocks gained ground on elevated crude prices. Woodside Energy and Inpex rose as much as 5%, while China National Offshore Oil Corporation climbed over 3%. Regional indices showed mixed performance with Hong Kong's Hang Seng leading losses, down 2.14%, while gold futures jumped 2.43% as investors sought safe-haven assets. U.S.
