Brent crude prices surged over 2% to $110 a barrel Monday, signaling market optimism about President Trump’s plan to deploy commercial ships through the Strait of Hormuz. The strategy aims to bypass Iranian tensions, though uncertainty lingers about its feasibility. U.S. stock futures edged upward, with the S&P 500 and Nasdaq poised for fresh highs after Friday’s record close, driven by tech sector strength. Asian markets mirrored this momentum, as South Korea’s Kospi jumped 5% on semiconductor gains, while European indices lagged due to Trump’s threats to hike automobile tariffs on the EU.