Oil Prices Rise 2.93% as Asia Markets React to Iran Tensions

AI Summary

Asia-Pacific markets were set to open mixed, influenced by escalating tensions between the U.S. and Iran and rising oil prices. West Texas Intermediate futures increased by 2.93% to $98.35 per barrel, while Brent crude futures rose 3.14% to $104.47 per barrel. The Chicago futures for Japan's Nikkei 225 reached 63,745, compared to the previous close of 62,713.65. Following last week's performance, where the S&P 500 and Nasdaq Composite gained over 2% and 4% respectively, the Dow Jones Industrial Average futures fell by 143 points, or 0.3%.