Futures trade has begun for the new week, oil up $1

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Oil has jumped a little on the weekend news:Iran, US trade strikes. Gulf ceasefire unravels over weekend. Will probably ravel soon.The escalation has since unwound somewhat:US and Iran halt strikes again with Hormuz talks set for Tuesday in QatarOil up a little but its not like its surging higher at all. Equity indexes little change:ES +0.1%NQ -0.1% This article was written by Eamonn Sheridan at investinglive.com.