Oil prices gained more than 2.5% as fresh attacks between the U.S. and Iran and threats of a naval blockade by Yemen’s Houthis lifted Brent crude above $91 a barrel.

Iranian missile strikes killed two U.S. service members and left a third presumed dead, the first American deaths from hostile fire since April.

Wall Street futures were rising in premarket trading Monday and oil prices retreated, but not before a gallon of gas in the U.S. breached the $4 level again. Futures for the S&P 500 rose 0.6%, while Nasdaq futures jumped 1.

Oil prices briefly jumped above $90 a barrel after renewed disruption to shipping through the Strait of Hormuz, but later pared gains after Iran's Foreign Ministry said mediators had recently presented proposals to Tehran,

With pandemic-era student loan payment relief measures expiring, the number of defaulted borrowers continues to skyrocket.

Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments. The numbers have spiked since payments came due again following a lengthy pause intended to provide relief during the COVID-19 pandemic.

US student loan defaults have surged to record levels, with 9.5M borrowers in default after pandemic relief ended, raising fears of a worsening debt crisis.

Federal student loan defaults have reached a record high as more than 9 million borrowers are severely behind in what is now a record-breaking debt crisis. One in every five federal student loan borrowers is in default,