US–Iran escalation sends oil and safe-havens higher as Asian markets slide; Hanwha Aerospace jumps ~22%
Escalating US–Iran tensions pushed oil and gold higher, sending Asian equities lower and driving a flight to safe-haven assets. South Korea’s Kospi fell about 2% while defence names outperformed — Hanwha Aerospace surged roughly 22% — highlighting demand upside for defence and higher fuel risk for airlines.