Asian markets mostly rose on Monday as investors monitored the ongoing war in Iran, rising oil prices, and upcoming statements from President Donald Trump.

Japan’s Nikkei 225 and South Korea’s Kospi both posted gains, while some regional markets remained closed for holidays.

Oil prices continued to climb, with both U.S. crude and Brent crude increasing amid concerns about prolonged conflict and disruptions to the Strait of Hormuz.

Investors are closely watching a looming deadline set by Trump for Iran, which some fear could escalate tensions further, the AP has reported.

Currency markets showed only slight movement, while overall sentiment remains driven by uncertainty tied to geopolitical developments and energy supply risks.