- Oil rose after its biggest gain in three weeks as fresh US-Iran hostilities raised concerns about prolonged disruption to energy flows through the Strait of Hormuz.
- US stocks fell after the US attacked Iranian launchers preparing to send mines into the Strait of Hormuz and Iran retaliated; Apple shares also declined.
- The conflict and renewed US tariffs on Canada are increasing pressure on Treasury Secretary Scott Bessent ahead of the G20 finance ministers meeting.
Quotes
“Oil pushed higher after the biggest gain in three weeks on Monday as fresh hostilities between the US and Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz.”
“Stocks fall in Monday's stock market after the U.S. attacked two Iranian launchers that were set to send mines into the Strait of Hormuz and Iran retaliated.”