Oil and stocks fall as Trump extends ceasefire but keeps Strait of Hormuz blockade
Investors weighed the prospects for US‑Iran peace talks after President Donald Trump extended a ceasefire at the last minute while leaving a blockade of the Strait of Hormuz in place.
Oil prices fell alongside stock markets Wednesday as investors assessed the likelihood of US‑Iran peace talks. The moves followed President Donald Trump’s eleventh‑hour extension of a ceasefire while continuing the blockade of the Strait of Hormuz.