I'm Taylor Riggs and this is the Fox Business Rundown.

Monday, June 8, 26.

Israel and Iran traded fire again.

So what does this mean for a potential peace deal?

And how is this uncertainty impacting energy prices back home as the conflict continues?

With all respect to the president, the war is just telegraphing so much uncertainty right now.

In oil prices and the real potential for higher interest rates.

Missals were flying between Israel and Iran on Sunday,

dimming prospects for a peace deal that President Trump recently claimed

was close. The president spoke with Fox, urging Iran to get to the negotiating table. And on

true social, he called for both sides to stop shooting. Now, both sides have stopped hostilities

for now, but investors remain on edge as tensions feel existing concerns

over rising energy costs and inflation. And all of that is coming off of Friday's big sell-off,

where the NASDAQ had its worst day in more than a year, dropping more than 4 percent. After

stronger than expected jobs data, got investors worried that the Federal Reserve could hike interest rates in the coming months.

So how should investors respond as geopolitical unrest and inflation tests them once again this week?

I look at today's markets and I think what my old high school hockey coach would tell me.

Jonathan Honig is a founding member at Capitalist Pig Hedge Fund, LLC, and a Fox Business

Network contributor.

Coach Shager would say that a good defense is your best offense.

And still with the major indices at 30 plus times earnings, look, they're down, but they're not

cheap.

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