U.S.-Iran tensions escalated after President Donald Trump said the Iran war ceasefire agreement was “over,” and the two countries exchanged attacks. Global equities were mixed in Europe, with the FTSE 100 up 0.1% while France’s CAC 40 and Germany’s DAX each dipped 0.1%, and U.S. stock futures were little changed. Oil prices fell, suggesting markets were not yet pricing in a material disruption to supply. The report cites moves in the S&P 500, the Dow and crude prices but points to no new military action, sanctions or damage to energy facilities that would trigger a sharper trading impulse.

Oil prices and U.S. stocks traded more steadily after the United States launched new airstrikes against Iran and Iran hit U.S. allies in the Middle East. The S&P 500 rose 0.4%, the Dow Jones Industrial Average gained 141 points and the Nasdaq composite added 0.5%. The calmer tone was tied to a temporary geopolitical standoff and uncertainty about what comes next, with no specific oil-price level or evidence of supply disruption cited, according to the report.

The U.S. and Iran traded fresh strikes in the Middle East, with Washington launching new airstrikes and Tehran firing missiles at Bahrain, Kuwait and Qatar. The escalation pushed most Asian stock markets lower, though Japan’s Nikkei 225 ended up 1.6% on a rebound in technology shares. Oil prices surged, with Brent rising to $87.88 a barrel and WTI to $74.23 a barrel.

U.S. stocks were mixed in early trading as semiconductor shares extended their slide, with Micron Technology down another 2.3% overnight. In Asia, South Korea’s Kospi fell 7.9% in a single session, led by losses in SK Hynix and Samsung Electronics. Oil prices retreated to levels seen before the Iran war began. S&P 500 futures were flat, Dow futures rose 0.2%, and Nasdaq futures fell 0.4%.

Indirect talks between the U.S. and Iran, mediated by Qatar and Pakistan, have boosted expectations that shipping through the Strait of Hormuz could resume, sending international oil prices lower. Brent crude fell 1.4% to $70.60 a barrel, while U.S. benchmark crude dropped 1.5% to $67.52 a barrel, both below levels seen before the Iran war began. Chip stocks also sold off, but the decline in oil was directly driven by the geopolitical developments.

Asian stock markets fell on Thursday, led by a 5.1% drop in South Korea’s Kospi as chipmakers SK Hynix and Samsung Electronics slid 7.7% and 6.4%. Japan’s Nikkei 225 declined 1.5%. Oil prices moved lower after indirect U.S.-Iran talks took place via mediators in Qatar and Pakistan, lifting expectations that the war in Iran could end.

The United States and Iran separately said they would send delegations to Qatar for consultations, though Iran said no formal talks have been arranged with the U.S. Oil prices steadied after the announcements. Asian equities were mostly higher, with South Korea’s Kospi rebounding 1.3% after two sessions of heavy tech-led selling. The report cited no specific oil-price levels or supply changes, pointing instead to a marginal easing in geopolitical risk sentiment.

Iran launched a new round of drone and missile attacks on Bahrain and Kuwait over the weekend in retaliation for a fresh wave of U.S. airstrikes, heightening tensions in the Gulf. Oil prices rose on fears that Middle East supply could be disrupted. The summary cited crude oil as the only asset with a clear, immediate and verifiable causal driver, without detailing direct price catalysts for other traditional assets.

Iran launched a new round of drone and missile attacks on Bahrain and Kuwait over the weekend, in response to new U.S. airstrikes tied to fresh sanctions, sharply escalating U.S.-Iran tensions. Japan’s Nikkei 225 fell 1% on Monday to 68,704.70, extending Friday’s 4.2% drop, while SoftBank Group slid another 5.9%. Oil prices rose but remained near levels seen before the Iran war began in late February. The latest geopolitical escalation has lifted energy risk premiums and weighed on sentiment toward Asian tech stocks.