NewzVille Desk
Oil prices climbed, bonds fell, and Asian stocks showed mixed performance on Monday as U.S. President Donald Trump warned of striking Iran’s power plants and bridges if the Strait of Hormuz isn’t reopened by Tuesday.
S&P 500 futures fell 0.2%, while MSCI’s broadest Asia-Pacific index outside Japan rose 0.5%. In regional markets, Japan’s Nikkei 225 gained 1.2%, and South Korea’s Kospi advanced 2%.
Brent crude futures opened higher, up 1.4% at $110.58 a barrel, after OPEC+ members agreed on Sunday to raise oil output quotas by 206,000 barrels per day for May.
However, the hike may remain largely theoretical, as several major producers near the Strait of Hormuz continue to face damage to oil facilities and transport infrastructure amid ongoing conflict.
