Here are today’s top business headlines
London 1. Oil prices: Oil is rallying as global tensions with Iran continue to escalate, sparking concerns about supply.
Brent crude, the global benchmark, rose 2.3% on Monday to $63.91 per barrel. US oil prices are up 2.1%.The gains follow news on Friday that Iran seized a British tanker in the Strait of Hormuz. Britain has warned that it will take"robust" action if Iran does not release the ship, and the government's emergency response committee is meeting Monday.The episode comes after Britain detained an Iranian tanker in waters off Gibraltar.
Tuesday — Europe consumer confidence; US existing home sales; Coca-Cola , Harley-Davidson , Kimberly-Clark , Lockheed Martin , Chipotle , Snap , UBS , Visa earnings Wednesday — German manufacturing data; US new home sales; US crude inventories; Deutsche Bank , AT&T , Boeing , Caterpillar , UPS , Facebook , Ford , PayPal , Tesla earnings
Thursday — ECB rate decision; US durable goods; 3M , American Airlines , Anheuser-Busch InBev , Comcast , Hershey , Nokia , Amazon , Alphabet , Intel , Mattel , Starbucks earnings
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