Asia-Pacific markets set for mixed open as Trump’s Iran warning stokes fresh oil supply fears

A general view of the Hong Kong skyline in fog on March 29, 2026 in Hong Kong, China. Sawayasu Tsuji | News | Asia-Pacific markets were poised for a mixed open Monday as investors weighed renewed geopolitical tensions after U.S. President Donald Trump warned Iran to "get moving, FAST," raising fears of further escalation in the Middle East and potential disruptions to global oil supplies. In a post on Truth Social, Trump on Sunday said "the Clock is Ticking" for Iran and warned there "won't be anything left" if action was not taken soon, adding that "TIME IS OF THE ESSENCE!" He did not elaborate on the steps he wanted Iran to take or the consequences that could follow. Oil prices advanced more than 1%. International benchmark Brent crude futures for July gained 1.34% to trade at $110.72 per barrel. U.S. West Texas Intermediate futures for June advanced 1.75% to $107.26 per barrel. Japan's Nikkei 225 was poised to climb, with the Chicago futures contract at 61,710 and the Osaka counterpart last trading at 61,800, compared with the index's previous close of 61,409.29. Hong Kong's Hang Seng index futures were at 25,733, lower than the index's last close of 25,962.73. In Australia, futures last traded at 8,618, below the S&P/ASX 200 's last close of 8,630.8. Tensions between Washington and Tehran have remained elevated despite a fragile ceasefire reached in early April. The U.S. …