Oil prices have risen while Asian stock markets remain mixed amid ongoing tensions between the United States and Iran. Brent crude is trading in the high-$80s to low-$90s range, while West Texas Intermediate (WTI) is in the low-to-mid-$80s range. The geopolitical standoff raises concerns about potential disruptions in oil supply, particularly affecting the Strait of Hormuz, a key global oil transit route. Asian equity markets continue to show high sensitivity to shifts in the geopolitical landscape. Market participants will closely watch statements and actions from the United States, Iran, and OPEC that could influence oil prices.
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