The American military on Monday was implementing a blockade on all ships entering and exiting Iranian ports, with the escalation pushing oil prices higher but not rattling U.S. stocks that much.
Oil prices surged nearly 6% in Monday dealings as the U.S. military began a blockade of Iranian ports following failed negotiations over the weekend between the U.S. and Iran.
Stock Market Today: Major Indexes Gain on Hopes of Eventual Iran Peace Deal; US Begins Blockade of Strait of Hormuz InvestopediaStocks stage a big comeback Monday with the S&P 500 wiping out Iran war losses: Live updates CNBCOil prices give back much of their morning jump as U.S. stocks climb on a still hopeful Wall Street PBS
