River Akira Davis reported from Tokyo and Meaghan Tobin from Taipei, Taiwan. Markets in Asia tumbled again on Monday as escalating tensions in Iran and surging oil prices spurred a fresh wave of selling across the region.

(Bloomberg) -- In what is shaping up to be another blockbuster year, Asia's markets are outpacing peers in the US and Europe, drawing global investors as extreme swings rattle assets from tech stocks to metals.