RTX Corp offers value as geopolitical tensions boost defense sector option premiums.

Asian and European indices tumbled on Monday, led by a 5.2% plunge in the Nikkei 225. U.S. markets defied the trend as the Nasdaq rose 1.38%, while Brent crude prices surged nearly 8% amid commodity sector volatility.

While fuel costs fall, steep backwardation in oil futures signals upside risk, suggesting investors use relief rallies to raise cash.