Global stock markets rose on Monday as investors tracked progress on an interim U.S.-Iran peace deal, while oil prices climbed following recent regional attacks near the Strait of Hormuz.

Key Points

• Wall Street led global gains, with the Nasdaq Composite rising 2.07% as technology shares rebounded from recent selloffs.
• U.S. and Iranian technical teams are scheduled to meet in Doha to discuss the implementation of their interim peace agreement.
• Brent crude futures increased 1.61% to $73.15 per barrel, while U.S. WTI crude rose 2.2% to $70.75.
• The dollar index fell 0.27% to 101.09, retreating slightly from the 13-month high reached during the previous week.
• MSCI’s global stock gauge climbed 0.89%, supported by positive performance across major U.S. indices and modest gains in Japanese and emerging markets.

Why it Matters

The ongoing volatility in energy markets reflects investor anxiety regarding the stability of oil shipments through the Strait of Hormuz amid persistent geopolitical tensions. These fluctuations highlight how sensitive global equities remain to both diplomatic progress in the Middle East and shifting expectations for Federal Reserve interest rate policy.