Stocks fell and oil jumped on Monday as tensions flare up again around the Strait of Hormuz.
Concretely, the S&P 500 dropped 0.41% and the Nasdaq Composite did so by 0.22%. In contrast, Brent crude, the international benchmark, climbed 5.45% and topped $114 a barrel, while West Texas Intermediate, the U.S. benchmark, jumped 3.31% and clocked in at $105.31 a barrel.
