Flare-Up: The Bloomberg Open, Asia Edition

Good morning. Mideast tensions are on the rise. Trade strains boost cargo rates from Asia. And Hyatt doubles down on Japan.

An Egyptian soldier died in a clash with Israeli forces at the Rafah crossing, further inflaming tensions over the Israel-Hamas war. It follows Sunday’s deadly airstrike that’s drawn international condemnation, with Benjamin Netanyahu calling the incident a “tragic mistake.”