Escalating tensions between the U.S. and Iran have led to a significant increase in oil prices, with Brent crude surpassing $110 amid fears of disruptions and a military option being considered by President Trump. Stock futures are falling in Asia-Pacific markets, reflecting investor anxiety. As the stalemate over peace talks continues, oil prices are expected to remain elevated due to supply risks and ongoing conflict. The situation is further complicated by geopolitical dynamics, including a crucial Trump-Xi summit that failed to deliver clear solutions. Investors are closely watching for major upcoming earnings reports as well as inflation data, contributing to the overall market jitters.