⚠️Market anxiety is rising after a chaotic weekend in the Middle East:



Brent and WTI oil crude are surging +5.0% and +5.5% on Monday, erasing some of Friday's decline, while European natural gas jumped as much as +11%.

This comes after the US Navy seized an Iranian-flagged cargo vessel in the Gulf of Oman after it failed to respond to warnings, the first major confrontation since the week-old blockade began.

Iran reimposed controls on the Strait of Hormuz on Saturday, stating that the US blockade of Iran-linked ships violated the ceasefire agreement set to expire on Tuesday.

Commercial traffic through Hormuz is at a near-complete standstill on Monday, with just one oil products tanker seeking to exit the waterway.

Meanwhile, President Trump said on Sunday he is sending Vice President Vance, special envoy Steve Witkoff, and Jared Kushner to Islamabad for talks on Tuesday, though Iranian state TV cited a negotiating team member DENYING any plan to attend.

S&P 500 futures fell -0.5% while Bitcoin erased most of Friday's gains.

As the two-week ceasefire expires Tuesday, markets are waiting for more clarity.

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