According to CNBC, asia-Pacific markets were set to rise Monday as investors looked past renewed diplomatic setbacks between the U.S. and Iran.
Sentiment held up despite U.S. President Donald Trump on Saturday scrapping plans to send U.S. envoy Steve Witkoff and others to the region, according to CNBC.
The move did not deter market optimism, with regional indices expected to open higher.
The broader geopolitical backdrop, however, continues to support elevated oil prices, adding a layer of caution to the positive market tone.