Stock markets around the world retreated on Monday amid concerns over the potential wider impact of a trade spat between China and the United States, while oil prices rallied to a four-year high after OPEC ignored U.S. calls to raise supply.

Wall Street equities stumbled on a wave of uncertainty over the future of U.S. Deputy Attorney General Rod Rosenstein, who oversees the special counsel investigation into Russia’s role in the 2016 presidential election.

The White House said President Donald Trump and Rosenstein are scheduled to meet on Thursday to discuss Rosenstein’s future.

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