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WTI crude surged 4.79% to $92.35 per barrel as Middle East tensions escalated with U.S. plans to deploy the 82nd Airborne Division near Iran, while Shell CEO warned of spreading fuel supply shortages from South Asia to Northeast Asia and Europe starting April.

South Korea's KOSPI index rose 2.74% to 5,553.92 on ceasefire hopes between the U.S. and Iran, though gains were limited as foreign investors sold 1.99 trillion won amid persistent Middle East tensions and conflicting negotiation reports.

Japan's 40-year government bond auction records 2.54x bid-to-cover ratio matching 12-month average amid Middle East tensions, while yields decline 3.24bp to 3.7522% as market participants monitor geopolitical risks and potential inflationary pressures from oil price volatility

South Korea's KOSPI index retreated to the 5,400 range after opening above 5,600 as Middle East tensions persisted despite U.S.-Iran negotiation hopes, with oil prices surging past $90 and U.S. allies preparing to join counterattacks against Iran amid conflicting accounts of ceasefire talks.