Asian markets opened with crude oil futures rising, possibly due to a technical rebound.

After overnight sharp declines in WTI and Brent crude oil futures in West Texas, crude oil futures rose in early trading due to a possible technical rebound. Near-month WTI futures rose 2.3% to $90.13 per barrel, while near-month Brent crude oil futures rose 1.2% to $101.13 per barrel. This trend on Monday came after President Trump posted on Truth Social that the US military would delay strikes on Iran's power plants due to "effective dialogue on fully resolving our hostile relations." Market analyst Fawad Razaqzada from FOREX.com stated in an email that this will "depend on the ongoing negotiations, and many things could still change." The analyst pointed out that the Iranian Foreign Ministry denied that Tehran was engaged in negotiations.