Iran‑US negotiations stalled, keeping the Strait of Hormuz closed and oil prices above pre‑war levels, risking global growth.
A busy earnings week sees Verizon, Microsoft, Alphabet and Meta reporting, with AI spending highlighted as a market catalyst.
The Federal Reserve is expected to hold rates on Wednesday amid uncertainty over Chair Jerome Powell’s departure and a DOJ probe.
ECB, BOE and BOJ policy decisions loom, while US Q1 GDP is forecast at 2.2% and PCE inflation data are due.