Stock futures fell this morning as tensions between the U.S. and Iran escalated over the weekend with the seizure of an Iranian-flagged cargo ship.  

This comes after Iran declined to join another round of peace talks in Pakistan planned by the U.S.

It is unclear whether the U.S. and Iran will meet for a second round of peace negotiations.

Trump also threatened to blow up all power plants and bridges in Iran if the country didn’t agree to a deal with the U.S. A ceasefire between the two countries will expire this week.

Wall Street is coming off a winning week, with the S&P 500 and Nasdaq Composite climbing to all-time highs.

U.S. Treasury yields traded up this morning morning due to escalations.

Crypto-related stocks fell after bitcoin prices declined more than 4% over the weekend.

Airlines drop on renewed U.S.-Iran tensions.

Crude prices surged in early trading.

This resumption of hostilities will push markets lower again if not resolved quickly.