Asian stocks sank on Friday after oil prices and bond yields spiked as the Middle East crisis stoked supply concerns and a forecast-topping US inflation report ramped up rate hike bets.

US stocks slipped as Brent crude climbed above $100 a barrel amid escalating US-Iran tensions and disruptions to oil shipments through the Strait of Hormuz. Rising fuel costs are…

As the US and Iran trade air strikes in the vital Strait of Hormuz and Yemen's Houthi rebels step up their campaign against Saudi Arabia, surging oil prices have seen stocks…