Wall Street hesitates and oil prices climb with uncertainty about the Strait of Hormuz
U.S. stocks held near record highs while oil prices climbed due to uncertainty about the Strait of Hormuz after Iranian news agencies claimed Iran struck a U.S. Navy vessel. The U.S. military rejected the claim, but oil prices remained higher, with Brent crude topping $114 a barrel.
U.S. stocks were steady near record highs on Monday, while oil prices rose amid uncertainty over the Strait of Hormuz. Iranian news agencies claimed Iran struck a U.S. Navy vessel, but the U.S. military denied the attack. Brent crude briefly topped $114 a barrel. The S&P 500 fell 0.1% early Monday. The U.S. remains active near the Persian Gulf, with President Donald Trump saying the US would guide ships through the Strait of Hormuz. Oil prices jumped five per cent initially but are now trading between two per cent and three per cent higher. GameStop's potential $56 billion takeover of eBay also drew attention, with eBay shares climbing nearly eight per cent.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.