Japan, South Korea and Taiwan rely heavily on exports through the Strait of Hormuz.

The China state refiner issued a notice Sunday that the price of gas will be set higher by a "meaningful" amount starting March 24.

The timing of the earlier volume spikes — across both equities and crude — caught the attention of traders.

Toyota on Monday announced $1 billion in investments in two U.S. plants as part of a plan to invest up to $10 billion domestically over the next five years.

Diesel prices have surged about 40% to $5.29 per gallon, the highest level since 2022, as the U.S. war against Iran has disrupted oil supplies.