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Asian shares mostly gain while oil prices keep rising
Brent and West Texas Intermediate prices rose as traders weighed a 45-day pause proposal and tighter supplies from shipping disruptions.
- Asian markets mostly rose on Monday as investors monitored the Iranian War and energy prices, with South Korea's Kospi gaining 1.5% to 5,460.24 and Japan's Nikkei 225 rising nearly 1.1% to 53,692.42.
- Energy markets remain volatile as the Iranian War drags on, with Brent crude adding $1.71 to $110.74 a barrel and Benchmark crude gaining 38 cents to $111.92 a barrel.
- Jay Woods, analyst at Freedom Capital Markets in New York, said "last year it was centered on 'Liberation Day' tariffs, this year it's uncertainty surrounding the ongoing Iranian War."
- President Donald Trump has set The Tuesday as the deadline for Iran to open the Strait of Hormuz, a waterway Japan relies heavily on for energy access.
- Trading activity remains mixed globally as markets in Europe, Australia, Hong Kong, and Shanghai observed holidays or Good Friday, while The United States dollar inched up to 159.65 Japanese yen.
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Oil edges up in choppy trade; U.S., Iran receive ceasefire proposal framework
Oil prices inched up in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran and remained wary about sustained supply losses due to shipping disruptions.
·Canada
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Oil prices opened up in Asian markets this Monday (local time) after the Easter vacation, in a new week of the war in Iran, the sixth.
·Mexico
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Daily Journal+18 Reposted by 18 other sources
Oil pares gains as shares rise in Tokyo, Seoul
Oil prices pared gains Monday after a spike following fresh threats in the war in the Middle East, while Tokyo and Seoul shares closed higher.
·Cherokee County, United States
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Total News Sources80
Leaning Left20Leaning Right13Center24Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 35%
C 42%
R 23%
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