BREAKING: US oil prices surge over +5% to $82/barrel after President Trump says the US is now demanding compensation from Iran. The sustained elevation in petroleum prices is amplifying inflation worries as Wednesday’s CPI data approaches. Inflation Data and Monetary Policy ExpectationsLast Friday’s employment report delivered weaker-than-anticipated results. Conversely, a more moderate inflation print would likely support the Fed’s current policy posture and provide tailwinds for stock prices. The broader market’s directional bias will likely crystallize based on Wednesday morning’s inflation data revelation.