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European stocks are expected to start the new trading week in positive territory despite the ongoing unrest in the Middle East and elevated global oil prices.
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The U.S. strikes on Kharg Island and Trump's threat to hit Iran's oil infrastructure mark a major escalation in the war, according to JPMorgan.
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Asia-Pacific markets fell as investors continued to monitor elevated oil prices and the latest developments in the escalating U.S.-Iran conflict.
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U.S. crude oil passed $100 per barrel Sunday, continuing its surge despite efforts by the Trump administration and allied countries to slow rising prices.
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Global oil prices have soared as one-fifth of the world's supply normally transits the strait.
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