Stocks opened the week much higher as bargain hunters swooped in following three straight weekly losses. Oil prices were also on the move, only the price action was to the downside, as President Donald Trump called on U.S. allies to help escort ships through the Strait of Hormuz.
Taking to Truth Social on Sunday, President Trump wrote that "the Countries of the World that receive Oil through the Hormuz Strait must take care of that passage." He added that the U.S. will help – "A LOT!" – and "coordinate with those Countries so that everything goes quickly, smoothly, and well."
