🚨 Asian markets plunge as US-Iran tensions escalate.


📉 Over $1T in market value was wiped out after US strikes on Iran, and reports of the Strait of Hormuz closure fuelled a sharp oil rally.
🛢️ Crude jumped 4%+, stoking inflation fears, while rising bond yields signalled expectations of higher interest rates for longer.
🌏 Oil-dependent economies like Japan, South Korea, and Taiwan face the biggest risks as investors brace for further volatility.
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