Oil prices jumped further above $100 Monday and Asian stocks mostly fell as the Iran war moved into a third week with both sides showing no sign of backing down and diplomats trying to ensure safe passage for tankers through the crucial Strait of Hormuz.

President Donald Trump’s top energy official said Sunday that Americans will have to endure the “short-term pain” of higher prices at the pump as US forces conduct their war against Iran.

President Donald Trump’s top energy official said Sunday that Americans will have to endure the “short-term pain” of higher prices at the pump as US forces conduct their war against Iran.

The dollar pulled back from 10-month peaks ​on Monday in a tentative start to a week that brings a slew of central bank meetings held under the shadow ‌of the US-Israel war on Iran.

The roadmap targets coordinated reforms across four key agencies

Asia is particularly at risk, with much of the region highly dependent on Gulf oil shipped via the Strait of Hormuz

The latest round of investigations "is extremely unilateral, arbitrary and discriminatory", it said

Brent crude futures climbed $1.27, or 1.2%, to $104.41 a barrel by 0400 GMT

Japan plans ​to start releasing oil from its stockpiles on Monday to soften the shock from the ‌US-Israeli war on Iran, a stark reminder of the oil crisis half a century ago that prompted Tokyo to create reserves.

Oil prices could extend gains at Monday’s open as the US-Israeli war against Iran entered a third week, putting oil infrastructure at risk and keeping the Strait of Hormuz shut in the world’s largest supply disruption.

The Bangladesh Bank has allowed Trust Bank to appoint more than one director from its sole sponsor shareholder, the Army Welfare Trust, exempting the lender from a provision in banking law.

Islami Bank has decided to postpone its earlier plan to onboard US-based B100 Holdings LLC as a strategic investor in mCash Ltd, a subsidiary formed to operate mobile financial services.

Some oil-loading operations have been suspended in the United Arab Emirates’ Fujairah port, a major global hub for refuelling ships as well as crude and ​fuel exports, after a drone attack and fire on Saturday.

The Fed will start its two-day meeting on Tuesday

The war in the Middle East has largely paralysed the Gulf region’s crucial oil industry, which has been hit by attacks and an export blockade.

The US dollar rose across the board on Friday, set ​for a second straight weekly gain, as the war in the Middle East drove investors toward safe-haven assets and weighed on ‌energy-sensitive currencies such as the euro.

‘The defense of Saudi Arabia is vital to the defense of the United States’.

The United States can provide “reliable” energy supplies to Asia-Pacific, US Interior Secretary Doug Burgum said Saturday, as the Middle East war cripples the region’s oil and gas flow.

The US government on Friday authorized imports of fertilizer from Venezuela, whose leader it deposed in January, as the US-Israel war against Iran drives up prices of the key agricultural commodity.

The surge in energy prices triggered by the conflict in the Middle East has significantly strengthened the dollar, paradoxically undermining US President Donald Trump’s economic objectives.