S&P 500 — US Large Cap Index
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STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
US gasoline futures rose above $3 per gallon on Monday, gaining for a third consecutive session, as uncertainty persisted over the reopening of the Strait of Hormuz. Iran said an agreement with Oman on new shipping routes was close to being finalized but warned that reopening the waterway remained conditional on Washington meeting additional demands. Tehran also ruled out direct talks with the US for now, saying it would not engage while Washington continues to violate an interim agreement reached in June, despite US assertions that a deal is close. Oil supply risks were further underscored by claims from Iran-aligned Houthis that they had struck Saudi Aramco’s Jazan refinery. Elsewhere, escalating attacks between Russia and Ukraine have increased the threat of further strikes on energy facilities, following Ukraine’s recent long-range drone attack on a major Russian refinery. Moscow has since extended its ban on gasoline and diesel exports through January 2027.
