USOUnited States Oil Fund

The President stated that final negotiations on a peace deal are underway, but cautioned that any untoward incident could jeopardize the talks.

Oil prices climbed higher on reports that Israel fired back at Iran in retaliation for attacks on Sunday despite Trump’s warning not to.

Iran has reportedly launched its first missile attack on Israel since April's ceasefire, raising concerns over the fragile ceasefire between Tehran and Washington.

During an interview with CNBC, Hassett said that the second consecutive month of over 170,000 nonfarm jobs additions shows that President Donald Trump’s supply-side policies are working well.

Nine out of 11 sectors were in the green in the DJIA index, with information technology and energy sectors down 2.6% and 0.5%, respectively.

During a Senate hearing, Bessent stated that core inflation and food prices have dropped since President Donald Trump took office in January last year.

Yardeni stated in a recent note that the stock market's surge to fresh record highs is being driven by strong corporate earnings rather than speculative enthusiasm.

Trump added that he believes Iranians have a lot of respect for their new leader and that he is involved in ongoing negotiations with the U.S. on a nuclear deal.

Brent and WTI crude futures maturing in August shot up more than 7% on Monday morning after the latest development added further uncertainty about the potential outcome of the war in the Middle East.