Oil prices, including ICE Brent, began the week on a stronger note following US military strikes on Iran, raising concerns over supply disruptions in the Persian Gulf. According to FX Street, ING analysts Warren Patterson and Ewa Manthey highlighted that these geopolitical tensions have contributed to the upward pressure on oil markets.
Brent crude oil hovered around the $90 mark as traders reacted to the heightened risk of supply interruptions in a key global energy corridor. The developments come amid ongoing volatility in the region, which remains critical for Japan's energy imports and broader market stability.
For Japanese investors, these price movements underscore the importance of monitoring Middle East geopolitical risks, as fluctuations in oil prices can directly influence inflation and currency markets in Japan.