Good afternoon and welcome to Markets Desk.
Oil is back in focus today as crude climbed more than two percent after President Trump announced plans to impose shipping fees through the Strait of Hormuz. That threat to one of the world's most critical chokepoints rattled supply expectations and sent prices sharply higher, compounding weekend tensions between the US and Iran.
Those same geopolitical pressures pushed the dollar index up nearly a third of a percent on Monday, with safe-haven demand driving flows into the greenback. Stock market softness added to that dynamic, as investors sought liquidity, pushing bond yields higher alongside the currency move in a classic risk-off pattern.
Turning to equities, Nvidia continues to draw attention from analysts making the case for long-term value. With shares trading at roughly half a times PEG multiple, some see the AI chipmaker as genuinely undervalued relative to its growth trajectory, with a credible argument that the stock could double before the end of the decade.
That's the tape. Markets Desk, signing off the floor.
