Oil prices rose and global stock markets slipped Monday after President Donald Trump warned Iran that "the Clock is Ticking" to reach a peace agreement, adding new pressure to diplomatic efforts tied to the 80-day conflict involving Iran, Israel and the United States.
Brent crude climbed above $110 a barrel in early trading, while benchmark U.S. crude traded above $106, extending sharp gains seen since the war began earlier this year. Major Asian and European indexes also declined as investors reacted to fears that tensions in the Middle East could intensify further, according to market reporting published by CBS News.
