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Brent held above $98 at a six-week high as Hormuz shipping risk stayed unresolved. The energy impulse pushed rate-cut expectations further out. Indian equities slipped under 76,000 to a six-week low, gold eased near $4,444, bitcoin held below $79,000 and the rupee stayed soft.
US forces struck two Iranian rocket launchers on Larak Island over the weekend, the first action in a month. Tehran responded with attacks on American allies in the region. Brent for November delivery climbed past $90, up over 3%. WTI moved above $86.
