Nikkei Plummets Over 2,000 Points Amid Rising Tensions with Iran

The Nikkei Stock Average plummeted in morning trading on the Tokyo Stock Exchange, dropping over 2,000 points and falling below the 64,000 level.

This sharp decline was driven by escalating hostilities between the United States and Iran, which sent WTI crude oil futures soaring to the $104 per barrel range for the first time in roughly three and a half months.

The surge in crude oil prices fueled concerns about an economic slowdown and triggered a wave of sell orders, further weighing on the market.