Oil prices broke above $90 a barrel as the Strait of Hormuz remained closed, according to The Times of India. It is the clearest sign yet that the conflict has moved from a regional war to a global economic shock.

Why it matters: the strait is the principal tanker route out of the Gulf. With it shut, the impact lands first on Asia's fuel-importing economies, and second on financial markets already pricing in the disruption.

Hong Kong shares fell at Monday's open as investors reacted to the Middle East escalation, according to The Standard, showing the shock has spread from commodities into equities.

Asia's refined fuel imports have fallen to their lowest level since the war began, according to New Straits Times, as refiners search for supply routes that bypass the closed strait.

What to watch: whether the strait reopens or a ceasefire signal emerges, whether oil holds its gains into the next session, and how quickly Asian refiners can secure crude and refined products from routes that avoid the Gulf.