Iran war ceasefire talks involving Pakistan, Egypt, Turkey, with US warning of strikes on Iran’s power facilities if Hormuz stays blocked.
Brent crude hovers near $110/barrel, far above pre‑war $70, while OPEC+ raised May output quotas by 206,000 bpd despite war constraints.
US CPI for March due April 10 will spotlight fuel price rise, with gasoline topping $4 per gallon and Fed minutes hinting stance.
Delta Air Lines and Constellation Brands earnings this week could test market resilience amid high oil prices and volatile consumer demand.