U.S. futures, Asian shares open lower, oil prices soar as U.S. and Israeli attack Iran

Global markets faced a downturn as U.S. futures and Asian shares opened lower amid escalating tensions following attacks by the U.S. and Israel on Iran. This geopolitical instability has led to a surge in oil prices, which is likely to impact economies worldwide. Investors are seeking refuge in gold, with its price rising by 2.4% to approximately $5,371 per ounce, reflecting its status as a safe haven during uncertain times. The ongoing conflict has raised concerns over supply disruptions and potential further escalation in the Middle East, prompting market volatility and cautious trading across various sectors. Analysts suggest that continued geopolitical unrest may further influence market trends and investor sentiment in the coming days.