Major indexes fell by more than 1%, while JD Vance left Islamabad without progress, citing unresolved disputes over Iran’s nuclear policy. Rising energy prices added pressure just as earnings season began, with major banks set to report.

The US 10-year Treasury yield rose to around 4.35%, reversing last week’s decline as tension intensified. Higher oil prices reinforced inflation risks, strengthening expectations that the Federal Reserve may keep policy tight for longer.

Negotiations between US and Iranian officials ended without agreement after 21 hours in Islamabad, with disputes over control of the Strait of Hormuz and nuclear policy still unclear.

Check out this Monday's financial updates!