Global Stocks Tick Up with Oil Steady on Hormuz Plans Global equities have staged a modest recovery, but investors remain fixated on the ongoing drama in the Middle East.
The latest development is Iran's announcement that it is nearing a deal with Oman to redefine shipping lanes through the vital Strait of Hormuz waterway.
While oil prices have largely stabilized, the fragile balance between supply and demand continues to dictate market sentiment.