Asian stock markets dropped significantly on Monday after the US and Iran warned of increased conflicts as their war continues into its fourth week. In early trading, Japan’s Nikkei 225 index fell by 4.8%, and South Korea's Kospi decreased by over 5.5%. Oil prices showed some ups and downs, with Brent crude oil falling about 0.8% to $111.25 (£83.48) per barrel, while US oil prices remained mostly unchanged at $98.18. Sri Lanka's economy, like many others, may feel the impact of these developments.
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