Oil prices rebounded on Monday, recovering part of last week's losses due to concerns over rising tensions in the Middle East following a recent rocket attack. Brent Crude futures rose by 20 cents, or 0.3%, to $81.33 a barrel at 0010 GMT, while U.S. West Texas Intermediate Crude futures climbed 9 cents, or 0.1%, to $77.25 a barrel.

In Asia-Pacific markets, Japan's Nikkei 225 led regional gains after a key U.S. inflation report released late last Friday raised hopes for an interest rate cut. The U.S. June personal consumption expenditures price index rose by 0.1% month-on-month and 2.5% year-on-year, aligning with Dow Jones estimates.

Mitsubishi Motors surged over 6% on the Nikkei index after reports that it will join the Honda-Nissan alliance to standardize in-vehicle software. This collaboration, announced by Nissan and Honda's in March, underscores the industry's push to cut development costs and address divisions within the Japanese auto sector.

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