Asian markets spiraled downward today as escalating hostilities between the United States and Iran rattled investor confidence across the globe. Fears of a broader conflict intensified following sharp threats from both sides, prompting traders to flee risky assets in a rush for safety.

The economic outlook darkened further as the International Energy Agency chief cautioned that continued warfare could precipitate the worst energy crisis in decades. With critical supply lines now in jeopardy, oil prices are climbing, threatening to destabilize economies already struggling with inflation and supply chain vulnerabilities.