Rep. Eric Swalwell suspended his campaign for California governor Sunday night, bowing to mounting pressure from Democratic leaders after a wave of sexual assault and misconduct allegations from multiple women threatened to end his political career.

Oil futures were at over $100 per barrel in the wake of President Trump’s announcement that the U.S. military would start blockading ships looking to enter the Strait of Hormuz. Prices of U.S. benchmark West Texas Intermediate crude hovered just above $104 per barrel late Sunday night, with Brent crude oil, the international benchmark, prices...