Asian share markets experienced declines on Monday, primarily driven by rising oil prices following drone attacks in the Gulf region. Brent crude oil prices increased by 1.2% to $110.63 per barrel, while U.S. crude rose 1.0% to $106.42. The geopolitical tensions surrounding the Strait of Hormuz, a crucial passage for global oil trade, have led to fears of dwindling inventories, with analysts warning that critical levels could be reached by the end of June. This situation is likely to keep inflation elevated, potentially pushing rates back to recent highs and leading to a global recession if oil prices remain high. The U.S. 10-year bond yields surged to 4.584%, reflecting investor concerns about inflation and the likelihood of central banks tightening monetary policy. Meanwhile, the G7 finance ministers are convening in Paris to address the implications of the Strait of Hormuz situation on energy supplies. Investors are also looking ahead to Nvidia's earnings report, which could significantly impact the AI sector and market dynamics. In currency markets, the dollar remained strong, with the euro at $1.1620 and the pound at $1.3318, amid ongoing global risk aversion.