President Donald Trump declared the United States is "doing very well" in its military campaign against Iran, following the US sinking of an Iranian warship in international waters. The escalating conflict has immediate implications for regional stability and global markets, with investors closely monitoring developments.

Asian markets showed resilience as the Kospi jumped, helping the regional benchmark secure its first gain in four sessions. Meanwhile, Dubai stocks plunged to their lowest level since 2022, reflecting growing investor anxiety about how the conflict might disrupt Middle Eastern economies and business operations.

Air travel disruption across the Gulf continues to deepen as airlines ground fleets in response to the hostilities. The escalating tensions threaten to cripple one of the world's busiest aviation corridors, potentially costing airlines billions in revenue and further straining supply chains already burdened by regional instability.