Oil price increases suppress US stocks as risks in the Strait of Hormuz intensify uncertainty.

The escalating tension in the Middle East may threaten the fragile ceasefire, lead to rising oil prices, maintain high energy costs and exacerbate inflation risks, while the stock market gains are being hindered. The S&P 500 index fluctuated after recording the longest weekly rally since 2024. In the volatile market, Brent crude oil rose by more than 5% at one point, then gave back some of the gains, trading near $110 per barrel. With oil prices nearing a four-year high, and recent data showing resilience in the US economy, US bond yields have risen.