This is CNBC’s live blog covering Asia-Pacific markets.

Asia-Pacific markets are set to open lower Monday, after the United States’ attack on three nuclear sites in Iran raised oil prices and investors’ fears of an escalation in the Middle East conflict.

Oil prices have spiked in recent weeks following the increased tensions in the Middle East.

Brent Crude

was trading at $78.88 per barrel after surging 2.48%, as of 7.30 a.m. Singapore time, while the West Texas Intermediate crude