Brent crude oil climbed to $83 per barrel, reflecting growing concerns over potential disruptions to global energy supplies.
Meanwhile, gold prices also recorded a significant increase at the start of trading. The price of gold rose by nearly 2 percent, gaining $88 per ounce to reach $5,176 per ounce, as investors turned to safe-haven assets amid geopolitical uncertainty.
Stock markets across several countries experienced notable declines. According to international media reports, South Korea’s stock exchange fell by 6 percent, while Japan’s market dropped by 3 percent.
Analysts suggest that continued geopolitical instability in the region could further impact global commodity prices and financial markets in the coming days.