Equities Gain, Oil Settles Higher as Investors Watch US-Iran Standoff

GLOBAL MARKET - NEW YORK. U.S. equity indexes closed modestly higher and U.S. oil futures settled above $112 per barrel on Monday as investors waited for clarity on the prospects of a resolution to the war in the Middle East.

The U.S. and Iran exchanged verbal attacks while President Donald Trump reiterated threats to strike Iran unless Tehran makes a deal by Tuesday night.