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Oil dropped and US equity futures rose early Monday after the US refrained from striking Iran for a second straight night, easing concerns over disruptions to Middle East crude supplies following weeks of escalating conflict.
Oil tumbled at the week’s open after the US paused strikes against Iran over the weekend, easing energy supply risks in the Middle East even as Houthis claimed attacks against targets in Saudi Arabia.
Developing story — details emerging. Check the source link for the latest updates.
It's a busy week filled with Big Tech earnings, a Fed meeting and inflation data.