Inquirer
NEW YORK, United States — Oil prices climbed Wednesday while stocks were mixed as Iranian officials refused to reopen the Strait of Hormuz after US President Donald Trump announced the extension of a ceasefire. The continued de facto closure of the waterway crucial for global oil shipments did not phase Wall Street stocks, which spent the entire day in positive territory. Crude markets were more unnerved, with international benchmark Brent futures jumping 3.5 percent to finish back above $100 a barrel as Iran sharply criticized Trump’s decision to maintain a blockade on Iranian ports. While the extension of the ceasefire gives […]... Keep on reading: US stocks rise, shrugging off ceasefire uncertainty while oil prices jump
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