Asian stock markets plunged on Monday morning as the escalating war between the USA and Iran disrupted global energy supplies and sent oil prices soaring.Major indexes in Tokyo and Seoul fell over three percent while crude prices reached one hundred fifteen dollars per barrel following the closure of the Strait of Hormuz.The market turmoil followed significant declines on Wall Street where the
Dow Jones and
S&P 500 sank as investors braced for prolonged regional conflict and inflation.