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Goldman, Citadel Clash With Brokers Over Options Clearing

Bank of America Corp., Citadel Securities and Goldman Sachs Group Inc. have rallied in support of a controversial plan from the world’s largest options clearing house. Retail brokers warn the changes would add hundreds of millions of dollars in extra costs.

Oil Edges Up as Trump Iran Threats Outweigh Higher Hormuz Flows

Oil rose as US President Donald Trump signaled that an escalation in strikes on Iran could come as soon as Tuesday, heightening fears that imminent military action will derail tentative progress toward restoring energy flows through the crucial Strait of Hormuz.

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