Stock and Bond Traders Eye Another Volatile Open

Escalating hostilities in the Middle East and widening stress on oil shipping and infrastructure had global investors braced for more turbulence before Sunday’s resumption of trading.

With the conflict now in its second week, energy disruptions remained the presiding worry after the United Arab Emirates and Kuwait joined Iraq in reducing oil production as storage filled up and tankers continued to avoid the critical Strait of Hormuz. Brent crude climbed some 30% last week — its biggest jump in six years — leaving it above $90 a barrel.