{"id":1930,"date":"2026-04-20T22:59:28","date_gmt":"2026-04-20T22:59:28","guid":{"rendered":"https:\/\/pittglobalnews.com\/?p=1930"},"modified":"2026-04-20T22:59:28","modified_gmt":"2026-04-20T22:59:28","slug":"oil-jumps-on-hormuz-tensions-stocks-mostly-retreat","status":"publish","type":"post","link":"https:\/\/pittglobalnews.com\/es\/oil-jumps-on-hormuz-tensions-stocks-mostly-retreat\/","title":{"rendered":"Oil jumps on Hormuz tensions, stocks mostly retreat"},"content":{"rendered":"
<\/div>

AFP<\/p><\/div><\/div>\n\n\n

US and European stocks reversed Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle East war after Iran closed the Strait of Hormuz following its brief reopening.<\/p>\n\n\n\n

Investors were on edge approaching the end of the US-Iran ceasefire, with Washington saying it will send a delegation to Pakistan for a new round of talks “soon” and Iran saying it had yet to decide whether to attend.<\/p>\n\n\n\n

“The market mood is very different at the start of the week compared to Friday,” said Kathleen Brooks, research director at trading group XTB.<\/p>\n\n\n\n

Crude had plunged Friday after the Islamic republic said it would again allow ships to pass through the Strait of Hormuz, through which a fifth of global oil and liquefied natural gas usually passes.<\/p>\n\n\n\n

But world oil prices bounced on Monday as Iran closed the waterway and said the US blockade and seizure of an Iranian cargo ship breached the two-week ceasefire.<\/p>\n\n\n\n

“Renewed attacks on commercial vessels in the Strait of Hormuz increased fears of supply disruptions and raised the risk of a broader escalation in hostilities between the US and Iran,” said Trade Nation analyst David Morrison.<\/p>\n\n\n\n

“Uncertainty also remains over whether negotiations in Islamabad will proceed after Iran said it would not attend talks while the blockade remains in place,” he added.<\/p>\n\n\n\n

Wall Street’s main stock indices dipped, with the S&P 500 and Nasdaq Composite edging down from record closes.<\/p>\n\n\n\n

Expectations in the stock markets<\/h5>\n\n\n\n

While US investors are wary over what happens next, “they are afraid to step aways from the market because we know that if a deal is announced, the market’s going to go up very quickly,” said Jack Ablin of Cresset Capital Management.<\/p>\n\n\n\n

The losses were sharper in Europe. Frankfurt dropped 1.2 percent, Paris shed 1.1 percent and London gave up 0.6 percent.<\/p>\n\n\n\n

That came after gains for Tokyo, Hong Kong and Shanghai.<\/p>\n\n\n\n

“Asian shares rebounded as they were in catch-up mode, having missed the rally seen in the US and Europe on Friday,” said AJ Bell investment director Russ Mould.<\/p>\n\n\n\n

“European indices presented a truer picture of the market mood, with investor wariness and weariness amid the continuing tensions in the Middle East,” he added before trading began in New York.<\/p>\n\n\n\n

The blockade of Iranian ports has been a significant sticking point in negotiations between the two countries, with both accusing the other of ceasefire violations.<\/p>\n\n\n\n

There has so far been only one negotiating session, held in Islamabad on April 11 that ended inconclusively, although groundwork for fresh talks continued afterwards.<\/p>\n\n\n\n

Chris Weston at Pepperstone said traders were assessing “whether the ceasefire can be salvaged through this week\u2019s diplomatic talks, with recalibration on the probability of military escalation”.<\/p>\n\n\n\n

“Without a comprehensive agreement on Iran\u2019s nuclear program, the ceasefire remained fragile.”<\/p>","protected":false},"excerpt":{"rendered":"

US and European stocks reversed Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle East war after Iran closed the Strait of Hormuz following its brief reopening. Investors were on edge approaching the end of the US-Iran ceasefire, with Washington saying it will send a delegation to Pakistan for a […]<\/p>\n","protected":false},"author":5,"featured_media":1931,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-1930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"blocksy_meta":[],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/pittglobalnews.com\/es\/wp-json\/wp\/v2\/posts\/1930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pittglobalnews.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pittglobalnews.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pittglobalnews.com\/es\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/pittglobalnews.com\/es\/wp-json\/wp\/v2\/comments?post=1930"}],"version-history":[{"count":1,"href":"https:\/\/pittglobalnews.com\/es\/wp-json\/wp\/v2\/posts\/1930\/revisions"}],"predecessor-version":[{"id":1932,"href":"https:\/\/pittglobalnews.com\/es\/wp-json\/wp\/v2\/posts\/1930\/revisions\/1932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pittglobalnews.com\/es\/wp-json\/wp\/v2\/media\/1931"}],"wp:attachment":[{"href":"https:\/\/pittglobalnews.com\/es\/wp-json\/wp\/v2\/media?parent=1930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pittglobalnews.com\/es\/wp-json\/wp\/v2\/categories?post=1930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pittglobalnews.com\/es\/wp-json\/wp\/v2\/tags?post=1930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}