Overview
- Global shares, which fell on Monday across Asia and in U.S. futures, weakened after President Trump warned Tehran that “the clock is ticking” and talks to end the war showed no progress.
- Brent traded around $110–$111 a barrel and U.S. crude near $106–$108, while the U.S. 10-year Treasury yield hovered around 4.6% and the 30-year topped 5.1% as investors priced in higher energy costs.
- UAE officials said a drone strike caused a generator fire outside the Barakah nuclear plant’s inner perimeter with no injuries or radiological impact, and Saudi Arabia reported intercepting three drones.
- The Strait of Hormuz, which normally carries about one-fifth of global oil and gas trade, remains largely closed, and Capital Economics warned inventories are being drained and Brent could reach $130–$140 if disruptions persist.
- India’s Sensex dropped about 900 points early Monday and the rupee sank to near-record lows around 96.23 per dollar, highlighting how pricier oil can raise fuel costs, strain budgets, and pressure central banks watching inflation.