Oil futures surge 20% past $110 as war fears hammer Asian stocks, bitcoin steady near $67K

Oil futures surge 20% past $110 as war fears hammer Asian stocks, bitcoin steady near $67K Nikkei drops more than 6%, and Kospi slides about 8% as traders price supply disruption risk, while prediction markets show strong odds of $120 crude. What to know: - Oil prices spiked above $110 a barrel, with West Texas Intermediate crude jumping about 17 percent in 24 hours as Middle East tensions raised fears of supply disruptions near the Strait of Hormuz. - Asian stock markets tumbled on the energy shock, with Japan's Nikkei 225 falling more than 6 percent and South Korea's Kospi dropping about 8 p

Oil futures surge 20% past $110 as war fears hammer Asian stocks, bitcoin steady near $67K Nikkei drops more than 6%, and Kospi slides about 8% as traders price supply disruption risk, while prediction markets show strong odds of $120 crude. What to know: - Oil prices spiked above $110 a barrel, with West Texas Intermediate crude jumping about 17 percent in 24 hours as Middle East tensions raised fears of supply disruptions near the Strait of Hormuz. - Asian stock markets tumbled on the energy shock, with Japan's Nikkei 225 falling more than 6 percent and South Korea's Kospi dropping about 8 p