US equity indices rose modestly on Monday, with the S&P 500 up 0.3% to 6,603.06, Nasdaq up 0.4% to 21,958.30, and Dow up 0.2% to 46,610.35.
Iran rejected a cease‑fire proposal, demanding a permanent end to the war, while President Donald Trump warned of further strikes if the Strait of Hormuz stays closed.
Brent crude rose 0.6% to $109.63 per barrel and WTI to $112.60, keeping oil prices above pre‑war levels and adding inflation pressure.
US March non‑farm payrolls added 178,000 jobs, far above the 60,000 forecast, with revisions to Jan (+160k) and Feb (-133k) figures, influencing Fed expectations ahead of the CPI release.