Finance

Global energy markets reacted swiftly to the diplomatic breakthrough, with Brent crude falling nearly 5% and West Texas Intermediate futures sliding to approximately $81.50 per barrel. This sharp decline in oil prices helped lower inflation fears and boosted shares in fuel-sensitive industries like airlines and cruise lines.

Newly public SpaceX saw its shares rise another 5% on Monday, building on a massive 19% gain from its historic market debut last Friday. The rocket company's valuation remains above $2 trillion as it enters its second day of public trading, further solidifying Elon Musk's status as the world's first trillionaire.

U.S. Treasury yields and the dollar both slipped as investors shifted focus to the upcoming Federal Reserve meeting, the first under the leadership of Chairman Kevin Warsh. The 10-year yield fell to 4.45% while markets brace for a possible interest rate hold on Wednesday, even as some analysts warn that previous yield spikes still signal long-term volatility.