Tensions continued in the Middle East and oil prices rose

tensions persisted in the middle east, with a small increase in oil prices on monday, and traders were looking for a catalyst to move in the next direction. the new wave of israeli attacks on lebanon and the possible imposition of new united states sanctions on iran have increased geopolitical uncertainty. according to capital.com, senior analyst, kyle rhoda, the greatest downward pressure on the market today remains geopolitical uncertainty, which continues to affect market sentiment from time to time. the conflict around the iranian war could further exacerbate seemingly deadlocked negotiations between the united states and iran. the parties seemed ready to formally end the ceasefire, but there had been no significant progress on the strait of hormuz, and the united states was preparing to implement the “economic isolation” plan。