Investors Monitor Asia Shares Amid Rising Oil Prices and Geopolitical Tensions

Asian shares remained stagnant on Monday as investors kept a cautious watch on the surging oil prices due to ongoing geopolitical tensions. Progress towards peace talks and oil traffic through the Strait of Hormuz remained at a standstill, heightening concerns about inflation risks. Iran’s call for the United States to accept defeat while President Donald Trump urged acceptance of higher gasoline prices perpetuated the uncertainty. The stock markets in South Korea were closed for a public holiday, and Trump directed a reduction in joint military exercises with the country. All eyes are on China’s July activity data release, particularly the…