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Oil rose sharply amid renewed tensions in the Middle East after Iran launched an attack on U.S. forces using ballistic missiles.
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US Central Command says it intercepted "multiple" ballistic missiles fired by Iran.
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There are reports of at least one fatality after the 7.1-magnitude quake on the island of Kyushu. Nearly 50,000 homes were left without power.
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Amid a reprieve in the fighting, Iran's leaders are betting that they can endure more pain than President Trump and have leverage over the Strait of Hormuz, analysts say.
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Oil prices tumbled on Monday as the United States and Iran paused their escalating strikes to make "space" for diplomacy.
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