Iran Tensions Resurface, Pushing Oil Higher Ahead of the Week’s Jobs Report

AI Summary

Rising tensions between the U.S. and Iran are causing oil prices to increase, with prices reaching $111 a barrel in anticipation of economic fallout from these threats. The geopolitical climate is continuously affecting global markets.

Stocks were poised to open later Monday as the U.S. and Iran traded threats over the weekend and oil hit $111 a barrel on global markets.