Oil surged over 5% Monday after Iran listed six demands the U.S. must meet before reopening the Strait of Hormuz, sending WTI crude to $78.80 and reigniting global energy fears.
Stock markets pulled back from recent highs as investors weighed rising oil and bond yields against this week's critical U.S. Consumer Price Index (CPI) data.
President Trump dismissed Iran's demands and instructed his team to demand compensation for American lives lost to...
