The US and Iran have consecutively erupted in a new round of conflict, Asian energy stocks may rise along with oil prices.

Both the US and Iran have launched a new round of attacks against each other, and the two countries have issued conflicting statements regarding navigation rights in the Strait of Hormuz. As a result, Asian energy stocks may rise along with oil prices. Brent crude oil rose by 5.4% last week, breaking through $78 per barrel; WTI crude oil traded near $74 per barrel, and European natural gas rose by up to 2.7%. Over the weekend, Iran claimed that the Strait of Hormuz would be closed indefinitely, but the US Central Command stated that the waterway remains open to all ships.