Donald Trump · CNBC Technology
Crude oil prices surged on Monday, as the U.S. Navy prepares to impose a blockade on Iran's ports after peace
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U.S. crude oil futures for May delivery jumped more than 8% to above $100 per barrel, and International benchmark Brent for June delivery also advanced over 8% in early trade.
Key facts
- U.S. crude oil futures for May delivery jumped more than 8% to above $100 per barrel, and International benchmark Brent for June delivery also advanced over 8% in early trade
- Asia-Pacific markets traded lower Monday, with India's Nifty 50 the worst-performing major Asian index, declining nearly 2%
- Meanwhile, President Donald Trump on Sunday bashed Pope Leo XIV over the U.S.-born Roman Catholic pontiff's criticism of the U.S. war in Iran
- U.S. Central Command said Sunday the military will blockade all maritime traffic entering and exiting Iranian ports on Monday at 10 a.m
Summary
Hello, this is Leonie Kidd writing to you from London. U.S. President Donald Trump has certainly packed a lot into one weekend. He spent more than four hours watching a UFC title fight in Miami on Saturday, while negotiators failed to reach a deal with Iran during a 21-hour meeting in Pakistan. Across the pond, Hungary has voted in a new government for the first time in 16 years. Much for the investors to digest as markets kick off another trading week.