International oil prices climbed after the collapse of a second round of ceasefire talks between Washington and Tehran. On Sunday, Brent crude, the global benchmark for oil pricing, rose by more than 2 percent. As of 12:30 a.m. GMT, the price stood at 107.35 dollars per barrel, nearly 47 percent higher than before the conflict began.

Despite the diplomatic deadlock, major Asian stock markets opened on a positive note. Investors appeared to largely disregard the uncertainty surrounding the ceasefire discussions. Japan’s Nikkei 225 index gained about 0.4 percent in early trading, while South Korea’s KOSPI index rose by as much as 1.5 percent.

The stalled negotiations have heightened concerns over energy supply stability, but market sentiment in Asia suggests cautious optimism amid ongoing geopolitical tensions.