Oil Surges, Stocks Climb Amid Iran War Talks

0:00Global stocks mostly climbed today, while Brent crude oil shot up $2.50 a barrel early Monday. That's as talks to end the war with Iran, hit another roadblock, keeping everyone on edge. Iran floated a deal through Pakistan to loosen its grip on the straight-of-formu shipping lane, but without touching its nuclear program. In return, they want the U.S. to drop its blockade. President Trump likely won't bite, since he insists on shutting down Iran's nukes as part of any full-piece package. Disruptions in the strait have jacked up oil prices big time since the war kicked off, with July Brent hitting $101.59 since, and U.S. crude at $96.60. Consumers sentiment took a hit in April across all groups, but bounced back a touch after that shaky ceasefire announcement, markets stayed hot regardless. Tokyo's Nikkei smashed a new record of 1.4% to 60,537. U.S. indexes like the S&P 500 Top Records Friday, fueled by tech surges, and Intel exploded

1:0423.6% on killer AI. Chip demand. Central banks from the Fed to the Bank of Japan drop interest rate calls this week, so eyes are glued there. With tankers still sidelined by tensions, oil stays volatile, but traders are betting on a deal to dodge a global meltdown. From your city, powered by AI, this is Canada News Today. I'm Corey, with the story.