Asian Markets Decline as Oil Prices Surge Nearly 12% on US-Iran Tensions

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Asian markets fell as investor sentiment turned cautious amid escalating geopolitical tensions in the Middle East. Oil prices surged nearly 12% over the week following US-Iran military strikes, raising fears over potential disruptions to Gulf oil supplies. The spike in crude prices added pressure to global equity markets, with India's Sensex expected to open flat. Concerns over supply chain stability in the Gulf region have kept traders on edge, influencing market movements across Asia.

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