Morning Bid: Green light, red light

Reuters Morning Bid highlights markets wrestling with stop-go geopolitics after Iran briefly reopened then closed the Strait of Hormuz, sparking oil volatility but only modest damage to equities. Oil plunged ~9% on Friday then rebounded ~5% on Monday, leaving crude below $100/barrel as some tanker traffic resumed (about 20 ships passed Saturday). Despite the Gulf tensions, tech-led optimism (Nasdaq’s 13th straight gain) and Wall Street’s Friday rally are underpinning markets; European shares slipped and the dollar strengthened. Analysts warn tanker and loading disruptions will take weeks to months to normalize (8–12 weeks minimum). Key near-term catalysts include U.S. envoys reportedly heading to Islamabad and Canada’s March CPI. Overall the piece frames markets as balancing geopolitical risk against strong tech momentum and easing short-term supply fears for oil.