April 06, New Delhi: Oil prices rose, bond prices declined, and Asian stocks showed mixed performance on Monday as U.S. President Donald Trump warned of targeting Iran's power plants and bridges if the Strait of Hormuz is not reopened by Tuesday.
S&P 500 futures fell by 0.2%, while MSCI's broadest Asia-Pacific index outside Japan rose by 0.5%. In regional markets, Japan's Nikkei 225 gained 1.2%, and South Korea's Kospi advanced by 2%.
Brent crude futures opened higher, up 1.4% at $110.58 per barrel, after OPEC+ members agreed on Sunday to increase oil output quotas by 206,000 barrels per day for May.
However, this increase may remain largely theoretical, as several major producers near the Strait of Hormuz continue to face damage to oil facilities and transport infrastructure amid ongoing conflict.