These Are the Asian Markets to Watch After Crude Oil’s Spike

Energy is in focus this week as equity investors in several key Asian markets returned from holiday Tuesday to see crude oil prices have jumped to a six-month high.

Brent crude extended gains to $74.32 a barrel at 3:34 p.m. in Hong Kong, after climbing 2.9 percent Monday, as the Trump administration said it will no longer give China, India and other markets a pass on sanctions barring purchases of Iranian crude. In response, Iran threatened to shut the Strait of Hormuz, a key maritime chokepoint for Persian Gulf producers.


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