Muted Reaction as Oil and Stock Markets Reopen

Oil prices rose and stocks gained on Sunday after President Trump called off a trip to Pakistan by two of his top negotiators for a new round of peace talks with Iran.

His latest change of heart leaves the countries locked in a stalemate, still under a cease-fire agreement but without a clear path to ending the war.

In the meantime, the United States and Iran are trying to inflict economic damage on each other by strangling shipping through the Strait of Hormuz, a vital shipping artery that connects the Persian Gulf to buyers around the world.

Article source: https://www.nytimes.com/2026/04/26/business/oil-stocks-gas-iran.html