Oil prices ease; Asian shares rise
Oil prices eased after earlier gains tied to renewed U.S.-Iran tensions, with Brent near $95 a barrel and U.S. crude around $90.84. President Trump said he does not expect the bombing campaign to last much longer, a remark that influenced global risk sentiment. Asian equity markets rose alongside a positive Wall Street session, led by AI-linked tech giants such as Nvidia, Dell, Meta, and Micron. Bond yields fell, with the U.S. 10-year Treasury yield around 4.77%, as investors priced in inflation risks and energy-shock dynamics from the regional conflict. The renewed hostilities spurred concerns about shipping through the Strait of Hormuz, contributing to inflation pressures in the region. In currency markets, the yen strengthened to about 157.8 per dollar amid broader, modest shifts in major currencies.
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