Tokyo’s Nikkei 225 index rose 0.6% after the Bank of Japan opted to keep its key interest rate unchanged. It’s been gradually raising its rate from near zero and cutting back on its purchases of Japanese government bonds to help counter inflation.

Shares of oil producer Indonesia Energy are skyrocketing Tuesday on exceptionally high trading volume. The rally is being fueled by Middle East tensions driving up global oil prices.

Oil prices have risen in response to the Israel-Iran war, bringing them nearly back to the levels where they traded before the Liberation Day tariffs were announced on April 2. Oil stocks are trailing well behind.

Pantheon Resources faces speculative risks due to funding issues, dilution, and oil price sensitivity. Click here to read my most recent analysis of PTHRF stock.

By Wayne Cole SYDNEY (Reuters) -Asian markets kept their nerve on Monday and oil prices climbed anew as the conflict between Israel and Iran showed no sign of cooling, adding geopolitical uncertainty to the world's economic troubles in a week packed with central bank meetings.