Oil prices jump 2%.
Oil prices rose sharply on Monday as tensions between the U.S. and Iran remained high, especially after a drone strike targeted a nuclear power plant in the United Arab Emirates.
U.S. President Donald Trump warned that the “clock is ticking” for Iran to accept a deal, as reports showed the U.S. and Israel actively discussing more military operations against Tehran.
Brent oil futures for July rose 2% to a two-week high of $111.45 a barrel by 02:31 ET (06:31 GMT), while West Texas Intermediate crude futures rose 2.2% to $103.26/barrel.
UAE nuclear plant hit with drone attacks
On Sunday, drone strikes caused a fire near the Barakah nuclear plant in the UAE, although no direct damage was done to the main plant.
The UAE blamed Iran or one of its proxies for the attack, calling it a “dangerous escalation.”
Iran was seen launching drone and missile strikes on the UAE earlier this month, as military tensions flared in the Middle East, especially over the Strait of Hormuz.
Trump had warned last week that a U.S.-Iran ceasefire was on “massive life support,” as attempts at negotiating a peace deal largely fell flat.
Asia stocks slip as tech losses.
Most Asian stock markets fell on Monday, with technology shares leading losses ahead of earnings from AI heavyweight Nvidia later this week, while rising oil prices and escalating Middle East tensions dampened investor sentiment.
Wall Street ended lower on Friday amid inflation worries linked to surging oil prices.
U.S. stock index futures also fell during Asian hours on Monday.
Tech losses, Iran tensions drag; Nvidia results awaited
Investors are now focused on Nvidia’s earnings on Wednesday for clues on whether the artificial intelligence-driven rally in global equities can be sustained.
U.S. President Donald Trump warned Iran that “time is ticking” to reach a deal with Washington, saying “they better get moving, FAST, or there won’t be anything left of them.”
Bitcoin slips below $77k as oil surge.
Bitcoin fell below $77,000 on Monday, extending weekend losses as surging global bond yields and rising oil prices linked to escalating Iran tensions weakened appetite for riskier assets.
The world’s largest cryptocurrency last traded 1.5% lower at $76,946.6 by 00:54 ET (04:54 GMT), its lowest level since May 1.
Bitcoin briefly climbed above $80,000 last week but failed to sustain momentum.
Bond yields surge amid oil-driven inflation worries
Investors were cutting exposure to speculative assets amid mounting fears that higher energy prices could fuel global inflation and keep interest rates elevated for longer.
Oil prices climbed above $110 per barrel on Monday following reports of drone incidents in the United Arab Emirates and stalled diplomatic efforts over Iran.
Rising energy prices triggered a broad selloff in government bonds, sending the benchmark U.S. 10-year Treasury yield to its highest level since early 2025.
Traders have scaled back expectations for Federal Reserve interest rate cuts, and now see rates largely unchanged through most of 2026, while futures markets have begun reflecting growing chances of a rate hike this year.
Important Note: The information found on Ausprime platform is intended only to be informative, is not advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not include any specific investment objectives, financial situation and needs of any specific person who may receive it. The past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statement
