Strait of Hormuz Drama, Semi Selloff & Rate-Hike Odds Spike = Ugly Monday

Markets took a triple-whammy hit to start the week. Geopolitical tensions between the U.S. and Iran dominated the day, driving oil prices, bond yields, and the dollar sharply higher. Iran’s IRGC kept attacking vessels it accused of violating its control in the Strait of Hormuz, including strikes on tankers that caused casualties, while President Trump…