Oil prices advanced on Monday on the back of U.S. tariffs imposed on imports from Canada, Mexico and China, while metal and agricultural commodities have come under pressure. Trump's move has sparked volatility across the commodities market.

U.S. equity futures tumbled in early Monday trading, while energy prices leaped and the dollar soared to a two-year high against its currency peers as markets reacted to the weekend tariff announcements of President Donald Trump and their potential to trigger a global trade war.

Global shares are mostly declining as worries grow about President Donald Trump imposing tariffs on key U.S. trading partners

By Shashwat Chauhan (Reuters) -Futures for Wall Street's main indexes tumbled on Monday as fears of a full-blown trade war and its impact on the global economy jolted markets around the world after President Donald Trump levied steep tariffs on Mexico,