Geopolitical tensions push oil markets higher as Brent crude surges toward $116.

Geopolitical tensions push oil markets higher as Brent crude surges toward $116.50 per barrel amid escalating Iran-Israel conflict and Houthi maritime disruptions in their fifth week. Meanwhile, DHL Group secured a landmark labor agreement with the Teamsters, featuring a 20% pay increase and enhanced health benefits, averting a nationwide strike that threatened U.S. supply chain stability. The deal represents a significant union victory and provides relief to the logistics sector. In monetary policy developments, the Senate Banking Committee scheduled Kevin Warsh's Federal Reserve Chair confirmation hearing for the week of April 13. Gold prices remain elevated as investors seek safe-haven assets during regional instability. Australian equities declined 0.91% as geopolitical concerns weighed on global markets.