West Texas Intermediate (WTI) crude oil prices rose above $93.00 on Monday during early Asian trading hours, following US President Donald Trump's rejection of an Iranian peace deal. According to FX Street, WTI was trading around $93.05 as markets reacted to the geopolitical development.
The decision by Trump has added uncertainty to Middle Eastern relations, which often influences oil supply concerns and price volatility. This price movement reflects heightened risk sentiment among commodity traders worldwide.
For Japanese investors, fluctuations in oil prices can impact energy costs and equity markets, particularly in sectors sensitive to raw material price changes.