Oil Prices Rise as Trump Threatens Iranian Infrastructure
Oil prices rose as President Trump threatened to strike Iranian infrastructure. Asian markets remained mixed while Treasury yields climbed amid the tensions.
Financial markets across Singapore and the wider Asia-Pacific region are navigating a volatile start to the week as geopolitical tensions escalate. Oil prices climbed and bond markets retreated on Monday following a vow from the United States to target critical infrastructure in Iran if the Strait of Hormuz is not reopened by a Tuesday deadline.
The threat from the White House to destroy power plants and bridges has left investors bracing for potential reciprocal strikes in the Gulf. Despite the geopolitical overhang, equity markets showed resilience. The Nikkei 225 in Japan rose 1.2%, while the Kospi in South Korea advanced 2%. Conversely, S&P 500 e-mini futures slipped 0.2% in a session characterized by thin liquidity due to regional holidays.
