Asian share markets fell as renewed attacks involving Saudi Arabia and Gulf shipping raised concerns about worsening disruptions to global energy supplies. Brent futures rose 3.1% to $107.84 a barrel after gaining almost 9% last week, while U.S. crude advanced 2.8% to $102.85. A planned Oman meeting between Iran and Gulf Arab states on reopening the Strait of Hormuz was postponed, leaving shipping through the Strait and Bab el-Mandeb under threat. Markets priced an 86% chance of a 25-basis-point Federal Reserve rate increase on Wednesday, which would be the first hike since mid-2023, with another move expected by December. Investors also priced a 76% chance of a quarter-point Bank of Japan increase to 1.25% on Friday. Rising Treasury yields are testing equity valuations, although Goldman Sachs expects corporate earnings to support Wall Street and the bull market to continue. The dollar traded at 153.77 yen, while gold slipped as higher yields reduced demand for the non-interest-paying metal.