US will start a Strait of Hormuz blockade Monday 10 a.m. ET, following President Trump’s order after failed Pakistan talks.
Brent crude rose 6.7% to $101.65/bbl and WTI 7.1% to $103.42/bbl as the blockade fuels supply concerns.
U.S. March PPI, first month fully reflecting the Iran war, will be released; core CPI stands at 2.6% YoY and 0.2% MoM.
Earnings this week include Goldman Sachs, other major banks, Netflix, PepsiCo, LVMH, Kering, Hermes and ASML, with oil‑price impacts on luxury sales.