Shares are mixed in Asia and oil prices have stabilized as conflict escalated in the Middle East, with Iran and the U.S. launching fresh attacks.

(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…

Asian shares are mixed and oil prices have surged more than 3% after the U.S. launched strikes on Iran.

Shares are mixed in Asia and oil prices have stabilized as conflict escalated in the Middle East, with Iran and the U.S. launching fresh attacks.

Oil prices have risen above US$79 a barrel due to conflict fears disrupting shipping through the Strait of Hormuz. Read more at straitstimes.com. Read more at straitstimes.com.

Shares slipped in Asia and oil prices jumped Thursday as conflict escalated in the Middle East, with Iran and the US launching fresh attacks.