Oil prices climb as US stock markets turn mixed on Hormuz uncertainty

8 articles · Updated · The Associated Press · May 4

Brent rose 2% to $110.37, briefly above $114, as Iran claimed it struck a US Navy vessel, a charge the US military denied.
The Dow fell 216 points, the S&P 500 slipped 0.1% and the Nasdaq edged up 0.1%, while the US said two American-flagged merchant ships had transited the strait.
Iran's closure of Hormuz during its war with the US has trapped tankers and lifted Brent from about $70 pre-war, though Wall Street remains near records on hopes of avoiding worst-case economic damage.

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