The U.S. stock futures market will open in 9 hours. Meanwhile, this three-day weekend has been anything but calm—one of the most turbulent weekends since the Iran war. President Trump has threatened to unleash hellfire on Iran and declared Tuesday as 'Power Plants and Bridges Day.' The U.S. military has also launched one of the most complex rescue operations in history. Iran's response? Mocking Trump on social media and warning that further escalation will plunge the entire region into chaos. Trump wants the Strait of Hormuz to remain open, but Iran refuses. The latest U.S. intelligence suggests that Iran is unlikely to reopen the Strait of Hormuz in the short term. Why not reopen it? Because leveraging the capital markets and keeping the Strait of Hormuz closed are Iran's key bargaining chips in this conflict. Additionally, over the weekend, Iran's parliamentary speaker hinted at possibly closing the Red Sea's Bab el-Mandeb Strait, a passage that handles about 7 million barrels of oil supply daily. Oil prices closed at $112 per barrel on Thursday, and if tensions don't ease, prices could quickly hit $120. Brace yourselves—this week is going to be extremely volatile.