Even as tensions simmer in the Middle East with the possibility of crude oil supply disruptions, prices are likely to be capped below the $80-per-barrel mark.

Money market moves show traders are pricing in about 48 basis points of rate cuts by the end of 2025, with a 55% chance of a 25-bps rate cut in September, according to CME Group's Fedwatch tool.

Live Updates Live Coverage Updates appear automatically as they are published. Stock Market Winners & Losers 10:09 am by Gerelyn Terzo Chip stock Advanced Micro Devices (Nasdaq: AMD) is gaining 6% this morning.

Geopolitical tensions in the Middle East could drive oil prices as high as $120 per barrel according to JP Morgan, benefiting Exxon Mobil's earnings outlook. Applying the Graham Number, Exxon Mobil's intrinsic value ranges from $103 to $134 per share, depending on EPS scenarios.

European stock markets started the trading week on a cautiously optimistic note Monday, with major indices posting modest gains in early dealings.

Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and pushing prices higher.

Money market moves show traders are pricing in about 48 basis points of rate cuts by the end of 2025, with a 56% chance of a 25-bps rate cut in September, according to CME Group's Fedwatch tool.

Iran has been battling an acute energy crisis for months because of gas shortages, and repairing any damage would both be costly and take significant time.