Todd Colvin of Mark IV Brokerage provides an analysis of the energy markets as crude oil prices surge to start the week. Colvin attributes the move to renewed geopolitical tensions between the U.S. and Iran, pushing prices up roughly 8% from Friday's close. He highlights the broader ripple effects across asset classes, including lower equities, higher Treasury yields, and shifting monetary policy expectations that now fully price in a September rate hike. Additionally, he reviews the sharp spike in the CVOL index to its highest level since late May and breaks down recent positioning data showing speculators holding their lowest net long positions since January.