GLOBAL MARKETS OPENED THE WEEK UNDER PRESSURE AFTER PRESIDENT TRUMP REJECTED IRAN'S LATEST PROPOSAL TO REOPEN THE STRAIT OF HORMUZ, LIFTING BRENT CRUDE TO AROUND $105.70 AND WTI TO $93.26, WITH RISING OIL PRICES FUELING INFLATION CONCERNS AND PUSHING THE 10-YEAR U.S. TREASURY YIELD TO 5.20% AS ASIAN BOND MARKETS WEAKENED AND S&P 500 FUTURES SLIPPED.