Oil Rises and Nasdaq Ends Streak on Middle East Tensions
Oil prices rose on Monday after the Strait of Hormuz closed while U.S. stocks edged lower. Investors now look to tech earnings and the upcoming Warsh hearing.
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Global financial markets experienced a period of volatility on Monday as geopolitical tensions between the United States and Iran re-escalated. The closure of the Strait of Hormuz triggered a significant jump in energy prices, with Brent crude rising 5.6% and WTI climbing 6.9%, although both benchmarks remained below the $100 per barrel threshold.
