Asian Markets Decline Amid Iran War Fears

Asian stocks mostly fell Tuesday, March 3, 2026, as investors reacted to the Iran war and oil supply risks; South Korea's market plunged 4.8% and Japan's Nikkei 225 fell 2.1% to 56,853.48. Crude oil rose—U.S. benchmark to $72.00 per barrel and Brent to $78.84—pushing energy, airline, and defense shares to sharp moves and prompting modest shifts in bond yields and currencies.