Asian Shares Hold Steady as Gulf War Keeps Oil Prices Elevated Asian markets traded largely sideways

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Asian Shares Hold Steady as Gulf War Keeps Oil Prices Elevated

Asian markets traded largely sideways Monday as investors weighed the economic impact of the ongoing Iran war and continued disruption to Strait of Hormuz shipping.

Brent crude held around $89 /barrel after gaining roughly 6% last week, keeping inflation concerns elevated.

🇺🇸🇮🇷 With peace talks stalled and tanker traffic through Hormuz sharply reduced, markets remain cautious.
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