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Iranian Foreign Minister Araghchi stated that regional issues should be resolved through diplomacy and held the United States responsible for the tensions in the Strait of Hormuz.
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Asian stock markets broadly fell on Monday, with the Nikkei 225 down 2% and South Korean stocks down 1.6%. Oil prices declined as Donald Trump considered exempting some sanctions against Russia, with Brent crude falling 1.6% to $108.06 per barrel. Iran reported another oil tanker hitting a mine in the Strait of Hormuz.
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Oil steadies after Friday's jump; Middle East, Ukraine flare-ups dim crude flow prospects
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The euro fell against most G10 currencies as Russian risks and French protests weighed on trader sentiment.
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