Oil prices paused their run-up after the U.S. benchmark settled above $100 a barrel Monday. Futures pointed to a higher open for U.S. stocks, which sawawed Monday to end the day lower as investors digested signals on the likely trajectory of the Mideast conflict. President Trump indicated he's willing to end the war without reopening the Strait of Hormuz shipping lane, which handled roughly a fifth of global energy flows before the conflict.

Earlier, he had issued fresh threats against Tehran's energy infrastructure if the strait didn't reopen. The market's cautious stance reflects lingering concerns about sustained energy disruptions despite the apparent shift in U.S. strategy. The Strait of Hormuz remains a critical chokepoint, and its status continues to weigh on investor sentiment and energy prices.