Highlights
Oil prices are up another 5 percent and stocks are weaker as the US and Iran target each other in the Persian Gulf in a series of tit-for-tat strikes, and President Trump said the ceasefire was"over" and that negotiations with Iran's leaders was"a waste of time."
Separately, in scheduled macro news events, the release of the minutes of the last Federal Open Market Committee is in focus as markets assess views about the policy outlook from the last meeting, the first chaired by Kevin Warsh. Of course, another sustained bout of energy price increases, if the Mideast situation deteriorates again, would alter the picture.
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