Asian Markets Rise Amid Rising Oil Prices and Iran Conflict Concerns
Asian stock markets experienced gains on Monday, with Japan's Nikkei 225 rising by nearly 1.1% and South Korea's Kospi increasing by 1.5%. The trading in Australia, Hong Kong, and Shanghai was closed due to holidays. The market movements are occurring against the backdrop of ongoing tensions in Iran, where President Trump has set a deadline for Iran to open the Strait of Hormuz. The conflict has led to increased oil prices, with U.S. crude reaching $111.92 per barrel and Brent crude at $110.74 per barrel. The situation remains tense as the U.S. rescued two aviators after their jet was shot down by Iran, and President Trump issued further threats over the weekend.