Oil prices jump and Asian shares slip as US and Iran carry out airstrikes

Oil prices rose 3.5-3.6% as the U.S. and Iran conducted airstrikes following an attack on a container ship in the Strait of Hormuz. Asian stock markets declined, with the Kospi dropping 9% and the Nikkei 225 falling 1.9%, while SK Hynix and Samsung Electronics shares in South Korea fell sharply despite prior gains linked to AI demand.