
APAC mixed as investors digest US-Iran reports

Asia-Pacific markets opened mixed on Monday as investors remained cautious amid escalating tensions between the United States and Iran following a naval confrontation in the Gulf of Oman. U.S. President Donald Trump said on Sunday via a post on Truth Social that a U.S. Navy guided missile destroyer had fired on and disabled an Iranian-flagged cargo ship before Marines boarded and seized the vessel, marking a further escalation in the standoff. The strategic waterway, which links the Persian Gulf with the Gulf of Oman, remains a focal point for global energy markets. The United States has maintained a naval blockade of ships entering and exiting Iranian ports since last week. Tehran has condemned the blockade as a violation of the ceasefire agreement and cited it as a key reason for withdrawing from planned peace talks in Islamabad. Trump warned that the U.S. would escalate its response if Iran fails to meet Washington’s demands, stating he would “knock out every single Power Plant, and every single Bridge, in Iran” if an agreement is not reached. By 11:10 am AEDT (1:10 am GMT), Australia’s S&P/ASX 200 had fallen 0.4%, Japan’s Nikkei 225 gained 0.7%, and South Korea’s KOSPI 200 lifted 1.2%. In China, the centra







