Oil climbs as missiles fly in the Gulf

• German CPI, HICP for August
• G20 finance ministers, central bankers meet

Anyway, most stock markets are in the red across Asia, while European and U.S. share futures are off 0.4% to 0.5%. Japanese bond yields followed Friday's selloff in Treasuries as 10-year yields again hit their highest since 1996.

Markets imply a 70% chance the Bank of Japan will hike when it meets on September 18, with Treasury Secretary Scott Bessent offering some not-so-subtle encouragement. 0#JPYIRPR

It's a busy month for policymakers. New Zealand's central bank is seen certain to hike its rates for a second straight meeting on Wednesday, while the Bank of Canada is expected to stay on hold, given the damage a trade war with the U.S. could do to the economy.