U.S. President Donald Trump warned of a "very bad" future for the North Atlantic Treaty Organization if European countries did not join his war effort in Iran, the Financial Times reported on Sunday.
Oil from the International Energy Agency’s emergency reserves will begin flowing to global markets soon, after member countries pledged to make available 411.9 million barrels, the agency said in a statement on Sunday.
Oil prices rose on Monday as investor focus returned to threats facing Middle East oil facilities, despite U.S. President Donald Trump’s call for nations to help safeguard the Strait of Hormuz, a vital artery for global energy shipments.
Most Asian currencies kept to a tight range on Monday as persistent uncertainty over the U.S.-Israel war on Iran and caution before a Federal Reserve meeting put the dollar near 10-month highs.
Most Asian stock markets fell on Monday, pressured by sustained higher oil prices as the Middle East war entered its third week with no concrete signs of easing.