Asian shares advanced on Monday after a robust U.S. jobs report improved the outlook for global growth, although it also reduced expectations for near-term interest-rate cuts. Oil prices edged higher after U.S. forces hit three Iranian tankers and Iran's Islamic Revolutionary Guard Corps launched ballistic missiles at two U.S. Navy ships. Tehran said it would announce a restricted zone outside the Strait of Hormuz in coming days. Brent crude rose 0.2% to $96.45 a barrel after climbing almost 10% last week, while U.S. crude gained 0.4% to $91.85. The energy-market shock increased the importance of Friday's U.S. August CPI report, with median forecasts calling for core CPI, which excludes food and energy, to rise 0.2% and a 0.3% reading seen as a risk. The European Central Bank is widely expected to raise its rate to 2.75% on Thursday, while futures imply a 75% chance of another increase to 3.0% by December. European equities remained cautious over the possibility of hawkish guidance, or signals favoring tighter policy, after the hike. Japan's Nikkei rose 2.0%, South Korea's market gained 3.0%, and MSCI's broadest index of Asia-Pacific shares outside Japan added 0.9%. U.S. stock futures were slightly lower during a holiday-thinned session. Treasury 10-year yields remained near their highest level since late 2023 at 4.7840%, with a high CPI reading potentially pushing them toward 5.0%. Markets priced a 58% chance of a Federal Reserve rate increase on September 16 and a 70% chance of a move in October. The Bank of Japan was assigned a 75% chance of raising rates by a quarter point on September 18, with a 60% probability of another move by December. JPMorgan global head of economics Bruce Kasman said a 0.21% core CPI increase could be low enough to keep the Fed on hold for now, while forecasting two more rate increases from the ECB and BoJ before year-end. The dollar index stood at 99.135, the euro at $1.1614 and the dollar at 156.07 yen. Gold held at $4,426 an ounce after finding support at $4,282 the previous week.