Morning all!

- US President Trump said he rejected a deal from Iran to open the Strait of Hormuz, while he stated Iran wants to make a deal in which they open the strait immediately.

- US President Trump said he expects talks with Iran to resume this week even though he rejected Iran’s latest proposal.

- Iran's delegation in New York has no plans for talks with the US, according to a source close to the delegation cited by IRNA.

- Crude futures were lifted at the open; 10yr UST futures declined with yields higher across the curve, DXY traded mildly higher amid upside in oil and yields.

- APAC stocks began the week mixed as higher oil prices spurred hawkish rate bets; European equity futures indicate a positive cash market open.

- Looking ahead, highlights include speeches from ECB’s Elderson & Lagarde, BoE’s Ramsden, Fed’s Barkin. Supply from the Eurozone.