In Asian trading early Monday, Taiwan's Taiex fell 1.4% while the Kospi in South Korea initially lost 1% but then regained some lost ground to fall 0.2% to 3,016.71. Much of East Asia depends on oil imported through the Strait of Hormuz.

"The market will view this Iran threat as now gone and that is a positive for growth in the broader Middle East and ultimately the tech sector."

The price of oil jumped more than 2% and U.S. stock futures and Asian shares are down as global markets react to the American bombing of nuclear targets in Iran.