Iran tensions push up energy stocks in Japan while yen falls

Oil futures climb; defense stocks soar before losing steam

20250623 ichthys inpex

Inpex's gas project off the coast of Australia: the company's shares went up around 2% at one point on Monday. (Inpex)

JADA NAGUMO

TOKYO -- Shares in energy and defense companies rose in Tokyo and other Asian markets on Monday as Israel-Iran tensions escalate in a conflict that the U.S. has now entered after striking key Iranian nuclear facilities over the weekend.

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