Geopolitical tensions drive oil prices to one-month highs while Trump administration escalates trade war with Canada amid Middle East military escalation

Global oil prices settled at one-month highs on Monday as geopolitical tensions escalated following US strikes against Iran and a Houthi maritime blockade threat against Saudi Arabia, keeping energy markets volatile despite ceasefire proposals.

The Trump administration imposed 50% tariffs on select Canadian goods on Monday, escalating trade tensions as part of efforts to address what it views as discriminatory trade practices by Ottawa against US auto manufacturers.

The US launched new rounds of strikes against Iran at 4 p.m. ET Monday, with President Trump warning Iran it will pay 'many times over' for US troop deaths following multiple military casualties over the weekend.

Saudi Arabia condemned Yemen's Houthis announcement of a maritime blockade, threatening the kingdom's ability to bypass the Strait of Hormuz and creating supply-chain concerns that pushed oil prices upward.

Gasoline prices are rising faster than crude oil prices due to widening 'crack spreads' (the price differential between refined gasoline and crude oil barrels), squeezing consumer costs at the pump.

Pakistan adjusted fuel prices on Monday, cutting petrol by Re0.35 per liter while raising diesel prices by Rs5.71 per liter, reflecting global commodity market volatility affecting South Asian economies.

Cheap Chinese AI models like Moonshot AI's Kimi K3 could actually boost demand for US chip stocks including Nvidia and Micron by encouraging enterprise workloads, contrary to competitive fears.

A cyclospora outbreak investigation is causing Americans to skip lettuce and salads, with shares of restaurant chains Cava, Chipotle, and Sweetgreen closing lower on Monday as consumer behavior shifts.

Netflix stock tanked on disappointing margin forecasts and flat growth outlook, prompting investor questions about valuation and streaming sector fundamentals amid slowing subscriber growth.

A major car dealer chain cut 40% of its locations, issuing a serious warning about the auto industry's challenges as consumer demand weakens and dealership profitability faces headwinds.