U.S. stocks trimmed much of an early loss amid growing concerns about whether the global economy can withstand spiking prices for oil, which briefly got to nearly $120 per barrel on Monday. Wall Street had initially followed global markets on a steep descent earlier in trading and remains twitchy and quick to reverse amid all the

World shares tumbled on Monday, with Japan's benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel.

The Iran war has upended oil production and shipping across the Middle East, straining energy supplies worldwide

The widening Iran war has upended oil production and shipping across the Middle East, straining energy supplies worldwide. Those disruptions caused oil to spike Monday, only for it to swiftly fall back after President Donald Trump suggested the war could be near an end.

The Justice Department said Monday it has tentatively settled its antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment, striking a deal to ultimately lower ticket prices for consumers and end an illegal monopoly over live events in America.

The Justice Department said Monday that it has tentatively settled its antitrust lawsuit against Ticketmaster and parent company Entertainment, striking a deal to ultimately lower ticket prices for consumers and end an illegal monopoly over live events in America.

The Strait of Hormuz, through which roughly one-fifth of the world's oil and liquefied natural gas typically passes, is virtually shut.

The Group of Seven major industrialized powers have decided against using strategic reserves for now to counter the impact on oil prices from the Iran war. French Finance Minister Roland Lescure