Oil jumps on Hormuz tensions, stocks mostly retreat

NEW YORK, United States — US and European stocks reversed Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle East war. This was after Iran closed the Strait of Hormuz following its brief reopening. Investors were on edge approaching the end of the US-Iran ceasefire. Washington said it will send a delegation to Pakistan for a new round of talks “soon.” Iran said it had yet to decide whether to attend. “The market mood is very different at the start of the week compared to Friday,” said Kathleen Brooks, research director at trading group XTB. READ: […]... Keep on reading: Oil jumps on Hormuz tensions, stocks mostly retreat

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