Key events 52m ago Israel attacks regime sites across Tehran 2h ago Welcome summary Show key events only Please turn on JavaScript to use this feature 5m ago 06.07 CEST Oil prices rallied and stocks tumbled again on Monday as the Middle East crisis escalated. The surge in oil prices and the prospect of an extended conflict put more pressure on equities amid fears about a surge in inflation that could hit the world economy. Tokyo sank more than 4% and Seoul more than 3%, while Hong Kong, Shanghai, Sydney, Singapore, Wellington, Taipei, Jakarta and Manila were also sharply down, reports Agence France-Presse. The losses followed a bad day on Wall Street, where all three main indexes tumbled after the US and Israel struck Iranian nuclear sites. “The market is now reacting to higher crude pricing and towards the fallout in the economic consequences,” wrote Pepperstone’s Chris Weston. Share 13m ago 05.58 CEST The Israel military is reportedly saying it is responding to missiles fired from Iran. Share 35m ago 05.36 CEST Qatar says there has been a garage fire in an industrial area and that civil defence has it has brought it under control. No injuries were reported, the interior ministry said on X on Monday, without giving more details. On Sunday Qatar and Bahrain said they had intercepted missiles and drones fired towards them. Share 52m ago 05.20 CEST Israel attacks regime sites across Tehran The Israeli military has just said it is currently attacking the Iranian regime’s infrastructure “throughout Tehran”. The brief post on X gave no further details. Share Updated at 05.26 CEST 1h ago 05.09 CEST Indonesia condemned the death of an Indonesian peacekeeper with the UN mission in Lebanon (Unifil) on Monday, after a projectile exploded at one of its positions near the southern Lebanese village of Adchit al-Qusayr on Sunday. Indonesia’s foreign ministry said harm towards UN peacekeepers was unacceptable, and reiterated its condemnation of Israeli attacks in southern Lebanon, calling on all parties to respect Lebanon’s sovereignty. View image in fullscreen Unifil peacekeepers drive past a destroyed healthcare centre building earlier this month after an Israeli strike in the southern Lebanese town of Burj Qalawiya. Photograph: Kawnat Haju/AFP/Getty Images Share Updated at 05.26 CEST 1h ago 04.43 CEST The price of brent crude had now gone over $116 a barrel, while stock markets have slumped in Asia as investors dig in for a protracted Gulf conflict that could bring a spike in inflation and the risk of recession to much of the globe. Brent crude was just over $70 a barrel when the war started last month and prices have risen by more than 50% since. Iran’s de facto closure of the vital strait of Hormuz has sent prices for oil, gas, fertiliser, plastic and aluminium surging, along with fuel for planes and shipping. View image in fullscreen An electronic quotation board displays the Nikkei stock average on the Tokyo stock exchange. Photograph: Kazuhiro Nogi/AFP/Getty Images Much of Asia is highly dependent on energy from the Middle East, making the region particularly vulnerable in the ongoing crisis. Japan’s Nikkei shed another 4.7% early on Monday, bringing losses for March to almost 14%. South Korea’s market fell 4.2%. Share Updated at 06.09 CEST