Goldman Sachs raised its Brent and WTI crude oil price forecasts for the fourth quarter of 2026 to $71/67 per barrel from $66/62 as it sees longer disruption to oil flows in the Strait of Hormuz due to the U.S.-Israeli war on Iran.

Oil prices jumped on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, raising fears of a prolonged conflict and oil-flow disruptions through the Strait of Hormuz.

Malaysia's natural rubber (NR) production decreased by 0.4 per cent in January 2026 to 28,579 tonnes, compared with 28,684 tonnes in December 2025, according to the Department of Statistics Malaysia (DOSM).

Japan's economy grew faster than initially estimated in the October-December period from the previous quarter, revised gross domestic product (GDP) data showed on Tuesday.

China’s trade balance grew more than expected in the first two months of 2026, as overseas demand for the country’s key exports remained strong after a stellar performance in 2025. 

Asian stocks rebounded on Tuesday, as oil prices retreated from multi-year highs and investors welcomed comments from U.S. President Donald Trump suggesting the conflict with Iran could soon come to an end.