Good morning, you're listening to Markets Desk.
Oil markets kicked off the week on edge after renewed military strikes between the United States and Iran pushed crude prices higher. Supply disruption fears are back in focus as traders weigh the risk of escalation through one of the world's most critical energy corridors, keeping a floor under prices for now.
Turning to Asia, South Korea's Samsung Group and SK Group are set to announce a combined investment package of roughly one point three trillion dollars over the next ten years, unveiled directly at the presidential office as part of President Lee Jae Myung's industrial strategy. That is a staggering capital commitment and a signal that Seoul is leaning hard into long-term domestic growth.
Meanwhile in Southeast Asia, Singapore's Straits Times Index is holding just above five thousand one hundred ninety points after snapping a four-day winning streak on Friday. Analysts see little catalyst for meaningful movement Monday, with the index likely to consolidate near current levels as regional sentiment waits on broader macro cues.
That's the tape. Markets Desk, signing off the floor.
