Asian stocks tumble, oil surges on Iran tensions. South Korea's Kospi fell over four percent while Japan's Nikkei dropped 2.24 percent in early Tuesday trading as geopolitical risks escalated. US President Trump threatened to destroy Iran's Kharg Island oil export terminal and critical infrastructure unless Tehran accepts a deal and reopens the Strait of Hormuz. West Texas Intermediate crude jumped 3.30 percent to $106.28 per barrel, marking its highest level since the conflict began, while Brent Crude climbed 2.23 percent to $109.78. The threats have rattled Asian markets as investors assess potential supply disruptions and broader economic impacts from escalating Middle East tensions and potential military action against critical energy infrastructure.
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