Global equity futures opened higher on Sunday as investors digested fresh reports of escalating tensions between the United States and Iran.
The renewed hostilities in the Middle East have reignited geopolitical risk premiums, reversing the brief calm that followed earlier diplomatic progress.
Oil markets remain the primary transmission mechanism for this risk.
Brent crude and WTI futures are trading higher, reflecting market anxiety over potential supply disruptions in the region.
The repricing underscores how quickly sentiment can shift from risk-on to risk-off when military activity resumes, even if broader economic fundamentals remain unchanged.
This development marks a significant reversal from the previous session, where Asian equity markets had rallied on reports of tangible progress in US-Iran diplomatic negotiations.