Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
South Korea, US Discuss Warship Building Cooperation 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Trump, Xi Focus on Trade and AI at White House Summit 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Add as a preferred source on Google
The U.S. dollar strengthened across Asian markets on Monday as growing tensions between the United States and Iran fueled fears of prolonged disruption in the Strait of Hormuz, a critical global oil shipping route. Investors turned to the dollar as a safe-haven asset while crude oil prices surged sharply amid concerns over energy supply shortages.
Market sentiment weakened after U.S. President Donald Trump dismissed Iran’s response to Washington’s proposed peace negotiations, calling Tehran’s conditions “totally unacceptable.” Iranian officials reportedly demanded an end to military operations, sanctions relief, financial reparations, and recognition of Iran’s authority over the Strait of Hormuz before entering further talks.
The ongoing Middle East conflict, now stretching into its 11th week, has effectively shut down the Strait of Hormuz since late February. The strategic waterway typically handles nearly 20% of global oil and gas shipments, making any disruption highly significant for international energy markets.
Brent crude futures jumped 4.3% to $105.47 per barrel during Asian trading, while U.S. West Texas Intermediate crude climbed 4.7% to $99.92 per barrel. Analysts warned that if the shutdown continues, energy markets could face even greater operational stress in the coming weeks.
Currency markets reflected rising uncertainty. The dollar gained 0.33% against the Japanese yen, trading at 157.16 yen, while the euro slipped 0.24% to $1.1757. Japan and Europe remain vulnerable due to their heavy reliance on imported energy, unlike the United States, which is a net oil exporter.
Meanwhile, Asian stock markets delivered mixed performances. South Korea’s KOSPI surged 4% thanks to gains in semiconductor and AI-related stocks, while China’s CSI300 advanced 1.4%. Japan’s Nikkei index fell 0.36%, and Hong Kong’s Hang Seng dipped 0.3%.
Investors are also closely watching upcoming talks between Trump and Chinese President Xi Jinping later this week, where trade, artificial intelligence, Taiwan, and energy security are expected to dominate discussions.
