Oil has opened for the week's futures trade on Globex, up around 2% after a tense weekend

Oil futures higher after a weekend of not much progress to end the war:

Attacks:

• Reports that Iran missiles have hit a tanker off Oman in Hormuz

Iran hot backing down:

• Iran vows Hormuz stays shut until US meets demands

Trump all at sea:

• Trump: "we are low keying it"

This article was written by Eamonn Sheridan at investinglive.com.

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