Japan’s Nikkei 225<\/a> jumped 1.66%, while the Topix gained 1.3%.<\/p>\n Hong Kong Hang Seng index<\/a> futures were at 25,370, compared with the index’s last close of 25,408.46.<\/p>\n Stock Chart IconStock chart icon Oil prices fell after Trump said he was considering seizing control of the Strait of Hormuz, the most important chokepoint in world for the crude market. Trump\u00a0also told a CBS News reporter<\/a>, who shared the comments in a\u00a0post on X<\/a>, that “the war is very complete, pretty much.”<\/p>\n U.S. crude oil was down 6.49% at $88.66 per barrel at 7.28 p.m. ET Monday. The decline came after oil surged past $100<\/a>.<\/p>\n “With 20% of world oil supply stopped, we have the largest interruption ever,” said Bob McNally, president of Rapidan Energy Group, in reference to the closure of the Strait of Hormuz.<\/p>\n The biggest disruption before the current war was during the Suez Crisis of 1956 when Britain, France and Israel invaded Egypt’s Sinai Peninsula, the energy consulting firm told clients in a Sunday note<\/a>. At that time, roughly 10% of global oil supply was disrupted.<\/p>\n Overnight in U.S. stocks advanced. The\u00a0S&P 500<\/a> rose 0.83% to close at 6,795.99, while the\u00a0Dow Jones Industrial Average<\/a>\u00a0added 239.25 points, or 0.5%, and ended at 47,740.80. The blue-chip index is coming off its biggest weekly slide in nearly a year. The\u00a0Nasdaq Composite<\/a>\u00a0jumped 1.38% and settled at 22,695.95. <\/p>\n Those moves mark an impressive turnaround from the losses seen earlier in the day. The Dow was down nearly 900 points at its session low, and the S&P 500 and Nasdaq had dropped as much as 1.5% each.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
<\/p>\n