Oil prices rose after Iran fired missiles at Israel, casting fresh doubt on the future of a fragile Middle East ceasefire.
The attacks came after Israel attacked the outskirts of Beirut, targeting Hezbollah, the Iranian-backed militant group. The Israeli military said Iran had fired at least three barrages of missiles at Israel in the first such attack since a ceasefire paused the war with Iran two months ago.
Shares in Asia fell sharply as investors pulled back from artificial intelligence-related stocks that had led to sharp gains in recent months. South Korea’s benchmark KOSPI index, the world’s best-performing major stock market this year, fell 8 percent before trading was temporarily halted.
