European markets fell on Monday while Asia-Pacific stocks broadly rose, as investors closely monitored the escalation of the U.S.-Iran conflict. Japan’s Nikkei 225 gained nearly 2 %, South Korea’s Kospi advanced 3.65 %. This trend came after the United States struck three Iranian oil tankers in retaliation for ballistic missiles fired at American warships. U.S. Energy Secretary Chris Wright said a nuclear deal with Iran was not imminent, suggesting the Trump administration might prioritize eliminating Iran’s nuclear capabilities rather than securing a formal agreement with Tehran. Energy prices have surged globally, while U.S. markets were closed for a holiday.
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