Global oil prices rose sharply on Monday amid uncertainty surrounding shipping through the Hormuz Strait and ongoing peace discussions. In early trading, Brent crude increased by 5.8 percent to reach 95.64 dollars per barrel, while West Texas Intermediate climbed 6.4 percent to 87.90 dollars per barrel.

Asian stock markets also reacted positively, with Hong Kong’s Hang Seng up 0.8 percent, Japan’s Nikkei rising 1 percent, and South Korea’s Kospi gaining 1.4 percent. However, financial caution emerged as Australia’s largest business lender, National Australia Bank, signaled a 500 million dollar impairment charge, citing concerns that the ongoing conflict could increase bad loans.

The developments reflect heightened market sensitivity to geopolitical risks affecting global trade routes and energy supplies, with financial institutions preparing for potential credit impacts.