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Asian Shares Mostly Gain as Oil Prices Surge on Iran Tensions
Asian markets rose Monday with Japan's Nikkei 225 up 0.7% to 53,514.39 and South Korea's Kospi gaining 1.4% to 5,450.33, amid focus on the Iran war and Strait of Hormuz closure. President Trump threatened to strike Iran's infrastructure if the strait isn't reopened by Tuesday, with no signs of easing from Iran.
Benchmark U.S. crude fell to $111.12 while Brent rose to $109.67, driven by fears of prolonged conflict.
Trump Sets Tuesday Deadline for Iran to Reopen Strait of Hormuz
President Donald Trump warned of hitting Iran's critical infrastructure if the Strait of Hormuz isn't reopened by Tuesday, crucial for global oil supplies. Iran shows no sign of compliance, heightening market uncertainty.
Japan's PM Sanae Takaichi announced releasing reserves and seeking alternative routes.
Oil Shock from Iran War Adds Major Stress to Global Economy
The war in Iran has pitched oil markets into turmoil with long-lasting effects, as OPEC+ warns of prolonged damage to Middle East energy assets post-conflict. U.S. inflation data expected to show a 1% CPI rise in March, the sharpest since 2022, due to $1/gallon gas price surge.
Brent's prompt spread exceeded $10/barrel in backwardation, the widest since the conflict started.
OPEC+ Alerts on Lasting Oil Supply Damage from Middle East Conflict
After a Sunday meeting, OPEC+ stated the Iran war's damage to regional energy assets will have extended impact on supplies even after fighting ends. This comes as oil prices continue surging on supply fears.
Global markets remain on edge for U.S. inflation data this week.
South Korea Dispatches Ships to Saudi Arabia for Alternate Oil Routes
South Korea's trade ministry plans to send at least five ships to Saudi Arabia to establish new oil transport routes via the Red Sea amid Hormuz closure. This follows rising oil prices and Iran war uncertainties.
Asian markets gained despite the tensions.
CERAWeek 2026 Highlights Energy-Tech Convergence Amid Geopolitical Shifts
CERAWeek 2026 in Houston themed 'Convergence and Competition: Energy, Technology and Geopolitics' drew over 12,000 participants. Key insights focus on energy innovation and AI applications in the sector.
Event reviewed amid current global energy market volatility.
U.S. Gasoline Prices Jump $1 Per Gallon Due to Iran Conflict
Gas prices at U.S. pumps rose about $1 per gallon from the Iran war, set to reflect in March CPI data as a 1% increase. This marks the sharpest monthly advance since 2022.
Consumers feel the impact as oil turmoil persists.
Japan Releases Oil Reserves, Seeks Alternatives to Hormuz Strait
Japan's Prime Minister Sanae Takaichi informed lawmakers of releasing strategic oil reserves and developing alternative routes due to the strait closure. This responds to soaring oil prices from the Iran crisis.
Nikkei index still rose 0.7%.
Brent Crude Backwardation Widens to Over $10 on Supply Fears
Brent's prompt spread ballooned above $10/barrel, signaling bullish supply concerns—the widest since the Iran war began and topping 2022 Ukraine peaks. Oil prices surged despite some Friday closures in energy markets.
Global trading resumes with high uncertainty.
Analysts Cite 'Uncertainty' from Iranian War as Market Focus
Freedom Capital Markets analyst Jay Woods noted uncertainty from the ongoing Iranian War dominates the first full trading week of April, shifting from last year's tariff concerns. Investors watch Trump's next statements closely.
U.S. and European markets reopen after holiday closures.
AI Applications in Telecom and Energy Featured in S&P Global Update
S&P Global's daily update highlights new AI applications transforming telecom alongside CERAWeek energy insights. This amid broader market intelligence on global volatility.
Essential for navigating current geopolitical risks.
U.S. Dollar Dips Slightly Against Yen and Euro Amid Oil Volatility
The U.S. dollar fell to 159.56 yen from 159.63, while the euro rose to $1.1523 from $1.1517 in currency trading. Movements occur as oil prices and Iran tensions dominate.
Markets closed Friday for holidays in several regions.