Energy Markets
Oil prices soar, while stocks sway as the Mideast ceasefire hangs on a thread
Stock futures and oil prices fell Monday, as rising tensions in the Middle East slowed shipping into and out of Gulf. However, traders held out hope for a solution and Asia's equity markets soared to record highs. Brent crude futures rose?about 6 percent to $95.36 per barrel. S&P 500 Futures dropped around 0.6%, and European Futures fell by 1.2%. Equity benchmarks in Seoul and Taipei, as well as Tokyo, shrugged off the risks and advanced, with Taiwan shares reaching a new record high, and the others not far behind. Iran has reinstated its de facto closing of the Strait of...