Stock market numbers are displayed as traders work on the floor of the New York Stock Exchange in New York City on April 2, 2026. Michael M. Santiago/Getty ImagesOil prices climbed above $110 a barrel and global stocks wavered on April 28 as investors assessed an impasse in the U.S.–Iran conflict amid uncertainty over a new Iranian proposal and continued Strait of Hormuz disruptions.Brent crude rose by 2.7 percent to $111.20 a barrel, a three-week high, while U.S. crude increased by 2.9 percent to $99.10.
Oil Climbs Above $110 as Iran Impasse Pressures Markets, Stocks Drift Lower
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