Asian shares climb and oil prices jump more than $1.20 on report Israel may attack Iran

South Korea Financial Markets - (Copyright 2025 The Associated Press. All rights reserved.)

Shares rose in Asia on Wednesday while oil prices jumped more than $1.20 a barrel following a report that Israel may be planning an attack on Iranian nuclear facilities.

Oil prices surged after a CNN report cited unnamed intelligence officials saying Israel may be preparing for an attack on Iranian nuclear facilities. Oil prices tend to rise with conflicts that might disrupt oil supplies.