Oil climbs and global stocks steady amid busy week

Global markets are navigating a complex landscape as the new trading week begins, with energy prices surging and equity investors bracing for a pivotal series of corporate earnings and central bank decisions. Brent Crude Oil futures jumped nearly 3% on Monday, reaching a three-week high of $108.5 per barrel. The rally is largely attributed to stalled peace negotiations between the United States and Iran, which have raised concerns over prolonged disruptions to energy exports in the Middle East, specifically through the vital Strait of Hormuz.