According to CoinMeta, investment and live reporting, oil prices in the Asia-Pacific market fluctuated slightly on Monday due to the ongoing stagnation in negotiations between the United States and Iran, with shipping volumes through the Strait of Hormuz remaining low. Data from tracking companies showed that no oil tankers passed through the strait last Friday. Iranian Deputy Foreign Minister Hamid Karibabadi stated that the Strait of Hormuz would remain closed until Washington accepts what he described as their terms. Japan's economy grew by 0.3% quarter-on-quarter between April and June, below the expected 0.5%, and the annualized growth of 1.1% also fell short of the expected 2.0%. Despite the weak data, the Japanese yen rose slightly against the US dollar, with traders focusing more on the delay in expectations for the Federal Reserve to raise interest rates. Singapore's non-oil domestic exports in July increased by 24.2% year-on-year, slightly below the expected 25%, marking the fourth consecutive month of growth exceeding 20%. Asian-Pacific stock markets performed differently amidst calm macroeconomic news. The South Korean market was closed due to a public holiday, and investors were weighing the uncertainties as the ceasefire between the US and Iran neared its expiration.