Oil rises, stocks waver on stalled talks

Brent crude was at $107.55, up 2.11%, as U.S.-Iran peace talks stalled and shipments through the Strait of Hormuz remained limited, with WTI at $96.42, up 2.14%, per Reuters reuters.com. The clean beat-miss frame is crude and energy up, index beta less so, because the market appears to be pricing a supply shock through Hormuz rather than a broad growth scare: AP reported Iran floated ending restrictions on transit through Hormuz without addressing its nuclear program, while Trump rejected concessions apnews.com, and CNN said Iranian officials warned the waterway would not return to its previous state after effectively closing it to oil trade edition.cnn.com. That helps explain the measured equity response, with Yahoo Finance reporting the Dow higher while the S&P 500 and Nasdaq slipped as traders weighed Iran peace odds finance.yahoo.com. If talks restart or transit restrictions ease, the crude premium could retrace quickly; if they remain stalled, the energy bid may broaden while the wider tape stays selective.