Global shares experienced mixed trading Monday and U.S. stock futures declined, influenced by expectations that the U.S. Federal Reserve may soon increase interest rates. Concurrently, oil prices surged over 3% after U.S. forces conducted strikes on Iranian rocket launchers near the Strait of Hormuz, marking the first significant military action in a month.

In early European trading, Germany's DAX saw a 0.9% drop, while France's CAC 40 edged down 0.1%. Markets in Britain were closed for a holiday. U.S. futures for the S&P 500 and Dow Jones Industrial Average both fell by 0.2%.

Brent crude, the international benchmark, rose 3.8% to $91.40 per barrel, and U.S. benchmark crude oil increased by 3.8% to $86.58 per barrel. Analysts noted that the renewed tension in the Strait of Hormuz serves as a stark reminder of regional instability.

Asian markets largely fell, impacted by comments from Federal Reserve Chairman Kevin Warsh on Friday. Warsh's remarks reinforced expectations that the U.S. central bank is prepared to raise interest rates to combat inflation, even if it means potential short-term economic slowdown.

Tokyo's Nikkei 225 lost 0.1%, while Hong Kong's Hang Seng declined 0.1%. The Shanghai Composite index, however, gained 0.9%. In other regional trading, Australia's S&P/ASX 200 fell 0.2%, Taiwan's Taiex dropped 0.4%, and India's Sensex slipped 0.4%.

On Friday, U.S. stock markets closed slightly lower, with the S&P 500 down 0.2% and the Nasdaq composite off by 0.5%.

The yield on the two-year U.S. Treasury note, a key indicator of expected Federal Reserve actions, jumped to 4.35% from 4.22% following Warsh's speech at the Jackson Hole symposium. Concerns persist that the Fed's focus on bringing inflation down to its 2% target might necessitate interest rate hikes that could dampen economic growth and investment values.

In currency markets, the U.S. dollar fell to 159.75 Japanese yen from 160.10 yen. The euro strengthened to $1.1601 from $1.1580.

Separately, shares in Chinese e-commerce giant Shein are scheduled to begin trading in Hong Kong on Tuesday, marking the city's largest initial public offering this year. This listing reflects a broader trend of large Chinese companies seeking capital within domestic markets. Official data released Monday indicated that Chinese factory activity remained in contraction for a second consecutive month in August, though some indicators like new export orders and production showed marginal improvements.