Crude oil futures continued their climb, but the oldest equity market index was up too, as the recent "oil up, stocks down" pattern got mixed on Monday. President Donald Trump, still looking for a way to reopen the Strait of Hormuz, said in another pre-opening-bell Truth Social post that "the United States of America is in serious discussions with a new, and more reasonable, regime to end our Military Operations in Iran."
According to the president, "Great progress has been made." The commander in chief also warned that if a deal "is not shortly reached … we will conclude our lovely 'stay' in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!)."
