Business
Oil Holds Above $100, Stocks Mixed as Global Markets Look for Direction
Oil prices held above $100 a barrel and stocks struggled for direction as traders weighed mixed signals heading into the third week of conflict in the Middle East.
The dollar was flat and Asian and European stocks were mixed after President Trump sought to pressure a range of countries to help protect trade through the Strait of Hormuz. The success of Trump’s push remained unclear. Investors are focused on the crucial waterway, with markets highly sensitive to developments.
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