Amy Morris

UK Prime Minister Keir Starmer says he'll contest any leadership challenge as he battled to save his premiership.

Starmer hinted at a policy offering to turn his party's fortunes around, vowing to rebuild the UK's relationship with Europe.

That's news when you want it with Bloomberg News Now.

I'm Amy Morris and this is Bloomberg.

There's a closing bell for this Monday on Wall Street where oil prices climbed after the U.S.

and Iran failed to agree on terms to end their war.

And we bring you the closing numbers each day here at Bloomberg with the S&P and Nasdaq hitting new highs.

The S&P 500 gained 14 points.

Nasdaq gained 27.

The Dow gained 96 points.

The 10-year Treasury yield

at 4.4 percent and the two-year yield at 3.95 percent.

The ceasefire between the U.S.

and Iran is, quote, on life support after President Trump rejected Tehran's latest peace offer.

And President Trump says he'll be speaking with his generals regarding Iran today.

Iran says it's deployed deep-roaming submarines in the Strait of Hormuz.

Bloomberg reporter Dan Williams is based in Jerusalem.

Bloomberg reporter Dan Williams on Bloomberg Intelligence.

And oil is on the rise.

Senior analyst Salih Yilmaz with Bloomberg Intelligence.