Brent crude prices rose to $80 per barrel on Sunday, a 3.9% increase, while U.S. crude climbed 4.3% to reach $77 per barrel. The market volatility followed heightened military tensions, including Iran’s recent missile attack and its parliament's call to close the Strait of Hormuz. The rise in oil prices impacted financial markets: the S&P 500 futures dropped by 0.6%, and U.S. Treasury bond prices slightly declined.