Sentiment Worsens
EMERGING ASIA
The broader risk sentiment worsens on Monday as market participants calculate the risk of ground invasion of Iran and the lack of de-escalation measures over the weekend. Both Trump and Iran's rhetoric are remind market participants that the war risk remain very high and is seeing Brent& WTI gapped higher by mroe than a dollar/b. The worsen sentiment seems to be exacerbated by Yemen's Houthi's involvement for it could potentially affect Red Sea oil transport.