A surge in conflict in the Middle East has led to higher oil prices, causing Asian shares and US futures to decline. A wave of attacks on oil facilities and utilities has escalated tensions between an important US ally and Iranian-backed rebels. The Tokyo stock market was affected, with the Nikkei 225 index falling 1.7% and major exporters such as Toyota and Panasonic experiencing significant losses.

The value of the Japanese yen has also increased against the US dollar. Further details on the market fluctuations and the ongoing conflict are available. The situation has resulted in a decline in US futures and Asian shares, with oil prices continuing to rise.