Asian stocks fall and oil climbs amid Gulf tensions
Asian markets declined Monday as drone strikes in the Gulf pushed oil prices higher. Investors now await Nvidia earnings and monitor rising global bond yields.
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Asian markets fell and bond yields climbed on Monday as drone attacks in the Gulf pushed energy prices higher. Brent Crude Oil rose 1.9% to $111.34 a barrel after the Strait of Hormuz remained closed to most shipping. U.S. President Donald Trump warned that Iran must act fast to reach a deal as investors braced for sustained inflation toward 10%.
