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Stocks rise, oil slips on hopes for Mideast peace deal

Stocks rise, oil slips on hopes for Mideast peace deal

Stock markets climbed and oil prices retreated Tuesday on rekindled hopes for a deal to end the Middle East war and reopen the key Strait of Hormuz to end disruptions that have sent energy prices soaring."Stocks saw an upswing while oil prices took a dip following President Donald Trump's suggestion to reopen talks with Iran, sparking optimism for a potential agreement that might alleviate tensions in the Middle East," said Patrick Munnelly, a market strategist at Tickmill Group.

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Stocks rise, oil slips on hopes for Mideast peace deal