US stocks steady amid oil gains and Strait talks
U.S. stocks stabilized by the end of trading amid growing doubts about reaching a lasting settlement between the United States and Iran regarding a potential halt in tensions. This comes especially as unconfirmed statements persist about a possible agreement to reopen the Strait of Hormuz. Meanwhile, oil prices surged significantly, with West Texas Intermediate crude futures rising by 5.1% to $82.13 per barrel, as U.S. oil inventories fell to their lowest levels since January 1983. This trend reflects the prevailing market uncertainty caused by ongoing political tensions, despite signs of a possible agreement between Washington and Tehran.
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