Al Jazeera reported the Israeli defense minister said orders have been issued to adopt a zero-tolerance policy on kites and balloons launched from Gaza.

Copper fell in Asian trade. ANZ Research said global inventory shifts keep copper in focus; large inflows into LME warehouses have helped ease acute supply tightness. ANZ added tariff concerns could prompt the US to draw more copper from international markets earlier. LME three-month copper contract was down 0.5% at $14,143 per tonne.

Oil fell more than $1/bbl on Monday as investors sold ahead of a likely US sanctions announcement that could further disrupt Middle East supply. US Treasury Secretary Bessent will hold a press briefing at 02:00 Beijing time on the 25th after previewing what he called "the toughest sanctions in history" on Iran. Commonwealth Bank of Australia commodity analyst Vivek Dhar said it is unclear whether isolating Iran economically will succeed; if Washington's measures work, Iran's capacity to respond with increased violence is an escalating risk for energy markets.