Asia-Pacific markets were set to open higher Monday as a U.S. seizure of an Iranian vessel deepened tensions, keeping investors on edge.

Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.

Artificial intelligence startup Cursor in talks to raise a $2 billion fundraising round at an over $50 billion valuation, which does not include the investment.

The seizure is an apparent escalation of a U.S. naval blockade, and comes after Iran fired upon commercial vessels transiting the Strait of Hormuz earlier on Sunday.

In a 2026 market that had Microsoft down close to 20%, looking for opportunities to buy after big drawdowns is coming to more tech and software stocks.