Asian shares decline and oil prices rise more than 2%

Asian shares have mostly declined, led by AI-related stocks, and U.S. futures have edged lower. Oil prices have gained more than 2% as worries grow over global oil supplies after Saudi Arabia shut down a major oil pipeline used to help bypass the Strait of Hormuz. Brent crude, the international standard, was trading at around $107 a barrel.

Japan-traded shares of SoftBank Group, a key investor of OpenAI, fell more than 10% on Monday following calls from Anthropic and OpenAI over the weekend to slow AI development for safety. Investors are also watching closely the Federal Reserve's meeting this week in which Fed policymakers could raise rates.

Read the original report at Apnews.