Oil rises back above $100, but US stocks hold steadier after US-Iran talks failed to end the war

Oil prices rose above $100 per barrel on Monday after ceasefire talks between the U.S. and Iran failed to end their ongoing war, which began in late February. Despite the breakdown in negotiations, U.S. stock markets remained relatively stable, suggesting cautious optimism about the conflict's potential impact on the global economy. The S&P 500 was virtually unchanged, while the Dow Jones Industrial Average was down 0.5% and the Nasdaq composite rose 0.3%. President Trump threatened a blockade of the Strait of Hormuz in response to the failed talks, aiming to restrict Iran's oil revenue. Iran retaliated by threatening all ports in the Persian Gulf and the Gulf of Oman. The Strait of Hormuz is a crucial waterway for global oil transport.