South Korea's Kospi led the regional sell-off, dropping 3.06%. Japan's Nikkei 225 declined 2.07%, while the Topix fell 0.7%. Australia's S&P/ASX 200 was little changed.
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South Korea's Kospi led the regional sell-off, dropping 3.06%. Japan's Nikkei 225 declined 2.07%, while the Topix fell 0.7%. Australia's S&P/ASX 200 was little changed.
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Larak Island lies near Bandar Abbas and directly alongside the Strait of Hormuz, a critical global shipping route.
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Asian stock market traded lower, while the US stock market also declined, weighed down by fears of US Federal Reserve interest rate hike and the fresh escalation in the US-Iran war in the Middle East.
The Dragon spacecraft is SpaceX's primary vehicle for sending astronauts and cargo to orbit, and it is the only US alternative to get crew to the ISS.
GIFT Nifty indicates gap-down open, trading at 24,217 and down 124.90 points
Here's a look at stocks that are likely to be in focus during the trading session on Monday.
Brent crude futures climbed $1.08, or 1.23%, to $89.18 per barrel while U.S. West Texas Intermediate crude was at $84.32, up 92 cents, or 1.10%.
Oil prices ended lower last week as traders weighed stalled US-Iran diplomatic efforts against the resumption of some crude flows through the Strait of Hormuz.