Market Overview - US stocks ended little changed, with the Dow Jones Industrial Average and S&P 500 closing down nearly 0.1% and 0.2% respectively, while the Nasdaq Composite closed just above the flatline after gaining nearly 1% [1] Oil Market - West Texas Intermediate and Brent crude futures trimmed losses of up to 15% after a statement from the White House regarding oil tanker escorting in the Strait of Hormuz [2] - The Strait of Hormuz has been at a standstill since the outbreak of the Iran war, impacting oil supply dynamics [2] Geopolitical Context - President Trump indicated that the US-Israel offensive has significantly impaired Iran's naval and air capabilities, suggesting a timeline for resolution that is "very far" ahead of the expected four-to-five weeks [3] - Israeli Prime Minister Benjamin Netanyahu stated that the offensive is "not done yet," indicating ongoing military actions against Tehran [3] Economic Indicators - Two key inflation readings are anticipated this week: February's Consumer Price Index on Wednesday and January's Personal Consumption Expenditures index on Friday, which will not reflect the recent spike in oil prices [4] - The spike in oil prices is expected to influence the interest rate considerations for the Federal Reserve [4] Upcoming Earnings - Oracle is scheduled to report earnings after the market close on Tuesday, while Adobe is set to report on Thursday [4]