Oil Climbs as Iran War Shows No Sign of Ending: Markets Wrap

Oil extended gains from last week as the US and Iran remained deadlocked over a deal to end weeks of conflict and restore shipping through the crucial Strait of Hormuz.

S&P 500 futures were steady in early Monday trading after the underlying index dropped more than 1% on Friday. The dollar was little changed against major peers, while Asian equity futures point to losses at the open. Brent crude advanced toward $111 a barrel, after adding almost 8% last week, while West Texas Intermediate rose above $107.