ICE data showed front-month UK wholesale gas prices fell 5.6% to 105.7 pence/therm.

CNN reported that Israeli Prime Minister Benjamin Netanyahu is seeking an emergency meeting with Trump after next weekend's G7 summit amid rising tensions over Iran negotiations and a Lebanon ceasefire. Qatar's negotiators remain in Tehran, coordinating with the U.S. to keep talks on track.

Japan's ruling party under Prime Minister Takaichi is still debating cutting the food consumption tax to zero and has effectively shelved a 1% proposal, LDP tax subcommittee chair Yamagiwa said after Monday's meeting. The party, which promised during February's election to speed up talks on a two-year suspension, may be leaning toward a full suspension despite concerns that retailers would need extended time to update POS and accounting systems. A cross-party group has argued 1% would be more operationally feasible. The Finance Ministry estimates a zero rate would reduce revenue by about ¥5 tln a year. The proposal could revive investor worries about the Takaichi administration's fiscal discipline.