Oil prices surged as the United States conducted airstrikes and revoked waivers for Iran. Asian stocks remained largely unchanged while investors assessed the geopolitical situation. S&P 500 and Nasdaq futures showed slight gains after earlier declines in US markets. Renewed tensions risk energy market disruptions and undermine the recent US-Iran peace deal. Investors are now shifting focus from AI sentiment to geopolitical concerns.

(Bloomberg) -- Oil prices rose and Asian stocks were little changed as investors assessed the implications of renewed geopolitical tensions for energy supplies and risk assets.

Oil prices surged as the United States conducted airstrikes and revoked waivers for Iran. Asian stocks remained largely unchanged while investors assessed the geopolitical…