Australian shares plunge as geopolitical tensions escalate. Markets across Asia experienced significant selling pressure following escalating US-Iran conflict, with the ASX200 dropping sharply in early trading. Investors fled to safe-haven assets as oil prices surged on supply disruption concerns. The broader economic impact could affect inflation expectations and central bank policy decisions across the region. Financial analysts warn that prolonged geopolitical instability poses risks to global growth forecasts. Companies with exposure to Middle Eastern operations face heightened uncertainty. Traders are closely monitoring developments as markets price in potential supply chain disruptions and energy cost pressures.
