During Asian trading, Japan's Nikkei 225 plunged more than 7% early in the day but regained some of those losses to close 5.2% lower at 52,728.72. South Korea's Kospi sank 6% to 5,251.87.
Both crude oil benchmarks, the WTI and Brent, jumped by over 15 % as markets opened Sunday evening, touching levels not seen since the early months of Russia's 2022 invasion of Ukraine.
Iranian state media reported Sunday that the clerical body responsible for electing the supreme leader had voted and that a name would be announced soon.
The Ministry of Civil Aviation said airlines are making operational adjustments in response to the evolving airspace situation while maintaining connectivity between India.
IRGC spokesman Ali Mohammad Naini said Iran had so far used "first and second generation" missiles, but will use "advanced and less-used long-range missiles" in the coming days.