Oil fell for the first time in six days as Washington is considering potentially intervening in the futures market against rising energy costs and giving waivers to Indian refiners to buy Russian crude.

A senior commander from Iran’s Revolutionary Guards said Monday that the Strait of Hormuz had been shut and warned that any vessel attempting to transit the waterway would be targeted, Iranian media reported.

China's yuan rebounded from a one-month low on Thursday, after the central bank set its guidance at the strongest in nearly three years in a bid to calm nerves against the backdrop of Iran conflict.

The ASX 200 tumbled over 2% in early Asian hours on Wednesday amid the global rout, though Trump said the US Navy would escort ships through the Strait of Hormuz, if necessary.

A selloff in stocks deepened on Wednesday, as the conflict in Iran continues to rage on for a fourth day. The Nikkei 225 index plunged more than 2%, while the yen was also under pressures.

The Swiss franc jumped on Monday as investors sought safety after the US and Israel bombed Iran, killing Supreme Leader Ayatollah Ali Khamenei. US crude oil surged more than 8%.

Oil prices fell on Friday and were on track for a weekly decline after the US and Iran extended talks over nuclear programme, easing concerns about a full-on war.

Sterling was flat during the Asian trading session on Thursday. British companies are seeking deeper trade ties with Europe, business groups told CNBC, in an attempt to hedge Trump’s erratic policies.

Hong Kong shares were higher on Wednesday, as investors double down on what they see as the safest bet on AI. Bets on the stocks to be added to the Stock Connect link are apt to grow around this time each year.

The yen was weaker after the Nikkei newspaper said US authorities took the lead in conducting so-called rate checks last month. Washington's latest tariff threats are clouding the outlook for global trade.

Sterling hovered around its lowest in a month on Monday, following its biggest weekly decline since January 2025, as traders weighed mixed economic data and added to bets on BOE’s rate cuts.

Global stock markets appear to regain footing following last week’s wild swing, but shifts in broad landscape are drawing attention. The years started with Wall Street profit-taking from popular tech names.