US-Iran war, March 1 -- West Asia, or, as some people call it, the Middle East, is in chaos, and Indian stock market investors have strong reasons to be worried.

The US and Israel have jointly attacked Iran, killing Iran's Supreme Leader Ayatollah Ali Khamenei, who ruled the West Asian country for more than three decades.

Iran, too, has strongly retaliated, launching missiles at Israel and Gulf nations, including Saudi Arabia, Bahrain, Qatar, Kuwait and the United Arab Emirates, hosting U.S. military bases, according to media reports.

The heightened tensions in West Asia have raised concerns that the US-Israel military offensive against Iran can potentially evolve into a major conflict in the region.

Oil prices have surged sharply ami...