The crash could also touch a nerve politically in Ukraine as the airline operating the flight, Ukraine International Airlines, is partly owned through a network of offshore companies by Ihor Kolomoisky, an oligarch with close ties to President Volodymyr Zelensky.
Oil prices soar on news of attacks.
Oil prices jumped and markets slumped in Asia early on Wednesday, as investors tried to parse reports of missile attacks on military bases in Iraq where American troops are stationed.
But market turmoil eased later in the day after Iran suggested it was finished retaliating — for now — against the United States for the killing last week of General Suleimani.
Prices for Brent crude, the international oil benchmark, jumped above $70 a barrel in futures markets, a nearly 4 percent rise from Tuesday, before easing back. Prices were up 1.4 percent midday in Asia to $69.20 a barrel.
West Texas Intermediate, the American oil price benchmark, jumped more than 3 percent to about $65 a barrel, then eased back. As of midday it was up 1.3 percent.
Stock markets also dropped sharply but clawed back some ground later in the day. Shares in Japan opened 2.4 percent lower but was down only 1.2 percent. Markets in Hong Kong, mainland China and South Korea were down less than 1 percent.
Futures contracts representing bets on the American stock market indicated a drop of less than 1 percent in New York’s morning.