Dan Schwartzman

West Texas Intermediate was trading near $63 a barrel.

Oil has rallied more than 10 percent so far this year as escalating tensions with Iran as well as potential supply disruptions have outshone concerns over a global glut.

Meanwhile, President Trump's Board of Peace for Gaza is expected to meet in Washington this week to talk about rebuilding the Palestinian enclave.

Trump says members will discuss $5 billion in commitments, although some reports estimate construction could cost up to $70 billion.

U.S.

Energy Secretary Chris Wright has been in Venezuela the last few days and says major oil companies are on the ground there as well, getting started on what the White House is calling a historic energy deal.

It comes as the U.S.

military continues to intercept Venezuelan oil tankers with forces boarding one this weekend in the Indian Ocean after tracking it from the Caribbean.

Axios is reporting that Defense Secretary Pete Hegseth is on the verge of cutting business ties with Anthropic and designating the AI company a, quote, supply chain risk, meaning that others wanting to do business with the military would have to cut ties with the company.

Anthropix CEO wants to ensure its Clawed AI model is not used to spy on Americans en masse or used to fire weapons without humans.

The company and the Pentagon have held talks for months on the terms under which the military can use the software, with Clawed currently the only AI model available in the military's classified systems.

There could be a second bidding war for Warner Brothers Discovery, as its board is reportedly weighing Paramount's new offer, which includes a breakup fee if Warner ends its deal with Netflix.

Bloomberg's Tony Shushka says Netflix could get the short end of the stick.

Bloomberg's Tony Shushka says Warner Brothers still has concerns about Paramount's offer, but this is the first time the board has considered it could be getting a better deal.

Monitoring website DownDetector says Social Media Platform X was down for about an hour on Monday, with thousands of users reporting issues.

The website and app failed to display new posts and sometimes struggled to load at all.

More than 11,000 users globally reported trouble accessing the service.

There have been several major service disruptions to X since Elon Musk acquired the platform back in 2022.

Alibaba is set to unveil a major upgrade to its flagship AI model, Quen, which can understand text, photo, and video inputs.

The latest iteration, Quen 3.5, will be out in April and will be designed to support tasks from AI agents and analyze videos up to two hours long.