Global oil prices jumped sharply Monday, while Asian equities declined, as escalating tensions heightened concerns over energy supply disruptions and market stability.
Brent crude rose over 3% above $115 per barrel, while US oil climbed near $102, putting Brent on track for a record monthly gain.
Equity markets reacted negatively, with Japan’s Nikkei 225 dropping 2.8% and South Korea’s Kospi closing nearly 3% lower.
Investor sentiment weakened after renewed threats to key infrastructure and shipping routes, raising fears of broader supply chain instability.
Comments from US leadership about potential control over major oil facilities added uncertainty, further unsettling already volatile global energy markets.
Shipping experts warned that even if critical routes reopen quickly, delayed deliveries could still push prices higher in the coming weeks.
Analysts highlighted risks extending beyond energy, noting that disruptions to fertilizer exports may trigger rising global food prices, especially in vulnerable economies.
With key transit routes handling roughly 20% of global oil flows disrupted, forecasts suggest prices could climb toward $130, increasing inflationary pressure worldwide.
