Global markets are mixed and oil prices rise as Iran and US launch new attacks

Global markets traded mixed as Iran-US tensions escalated, with the US launching fresh airstrikes on Iran and Iran firing at Bahrain, Kuwait, and Qatar, effectively ending the temporary ceasefire. Brent crude rose 64 cents to $78.66 per barrel while US crude gained 54 cents to $74.06, reversing recent declines driven by earlier optimism around a peace deal. India's Sensex climbed 0.6% amid the mixed global backdrop, with the broader Asian markets mostly higher except Hong Kong's Hang Seng which fell 0.7%.