Asia-Pacific markets tumble as investors brace for a prolonged war in Middle East

The Asia-Pacific markets have seen a significant decline as investors prepare for a potentially extended conflict in the Middle East. In a recent speech, Iran's Supreme Leader indicated that the Strait of Hormuz, crucial for global oil transport, may remain closed. This statement has raised concerns about global oil supply disruptions. Markets are reacting negatively as the geopolitical situation escalates, affecting investor sentiment. Overall, the increase in tension is likely to lead to further volatility in the region's economies and impact global oil prices.