Oil prices climb as Wall Street turns mixed on Strait of Hormuz uncertainty

9 articles · Updated · The Associated Press · May 4

Brent rose 1.7% to $110.01, briefly above $114, as Iran claimed it struck a US Navy vessel and the S&P 500 edged up 0.1%.
The US military denied the strike claim but said two American-flagged merchant ships had successfully transited the strait, while the Dow fell 0.2% and the Nasdaq gained 0.1%.
Iran's closure of the chokepoint during its war with the United States has trapped tankers and lifted Brent from about $70 before the conflict, though Wall Street remains near record highs.

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