Oil traded close to $90 a barrel as the dollar stayed flat and Treasury yields rose. European traders priced further Middle East escalation into the market, keeping prices near the $90 level.

The latest Iranian strikes on U.S. forces in Jordan prompted Defense Secretary Pete Hegseth to declare the deaths of two servic190ers a hardening of resolve, raising concerns over the Strait of Hormuz and U.S. naval responses.

U.S. stock futures edged higher, with tech names gaining after last week’s selloff. In political news, Andy Burnham will take office as the new U.K. prime minister, drawing investor focus to potential fiscal policy shifts.

Key earnings this week—Intel, Alphabet, and Tesla—could shape global equity narratives, while the European Central Bank’s rate decision and a spike in natural‑gas prices highlight ongoing supply anxieties in a tight global inventory environment.