Oil prices rose and Asian stocks were little changed as investors assessed the implications of renewed geopolitical tensions for energy supplies and risk assets.
Brent climbed 2.3% to trade near $76 a barrel after the US launched fresh airstrikes in Iran and revoked a waiver that allowed it to sell oil globally after attacks on ships in the Strait of Hormuz. The broader equity-market reaction was relatively contained, with the MSCI Asia Pacific Index steady after losing nearly 1% in opening minutes. S&P 500 futures were up 0.1% and contracts for the Nasdaq 100 rose 0.3%.
