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Nikkei Asia

Iran tensions push up energy, defense stocks in Japan while yen falls

Markets Similar moves seen in Hong Kong and South Korea; oil futures climb Inpex's gas project off the coast of Australia: the company's shares went up around 2% at one point on Monday. (Inpex) JADA NAGUMO TOKYO -- Shares in energy and defense companies shot up in Tokyo and other Asian markets Monday morning as Israel-Iran tensions escalate in a conflict that the U.S. has now entered after striking key Iranian nuclear facilities over the weekend. President Donald Trump has described the U.S. strikes on Iranian nuclear sites as "a spectacular military success." Washington's involvement follows an air war between Iran and Israel.