00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Brent crude rose more than 5% to $113.65 per barrel on Monday,
00:08and the dollar strengthened after Iran said it blocked a U.S. warship from entering the
00:13Strait of Hormuz, according to Reuters. U.S. stock futures, European stocks,
00:18and bond prices fell while yields rose. Iran's Navy said it blocked American Zionist warships
00:25from entering the Strait of Hormuz, and state media reported missiles struck a U.S.
00:29warship near Jask after it ignored warnings. Reuters could not verify the claims,
00:35and U.S. Central Command said no ships were struck. Iran had warned U.S. forces not to enter the
00:41Strait after Trump said the U.S. would help free ships in the Gulf. Analysts said high oil prices
00:47may not last as geopolitical risk lifts prices and inflation fears, while weaker U.S. growth
00:52pressures demand. Rising oil lifted inflation concerns and bond yields, while markets expect
00:58no U.S. rate cuts this year. For all things money, visit Benzinga.com.
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