U.S. forces seized an Iranian vessel in the Gulf of Oman, while Iran halted plans to reopen the Strait of Hormuz and stepped back from talks. The resulting energy shock has reinforced expectations that the Federal Reserve may keep rates unchanged through 2026.

In China, policymakers held lending rates steady for an 11th straight month, with the one-year LPR at 3.0% and the five-year rate at 3.5%. First-quarter growth accelerated to 5% from 4.5%, keeping the official 4.5%–5% target in focus as authorities maintained a supportive policy stance.

Check out Monday's market updates!