Dow Closes at Record High Amid Hopes of Mideast Progress

Stocks gained, with the Dow rising to its first record close in more than three months, pushed ahead by renewed hopes of peace progress in the Middle East.

Oil prices turn lower on hopes for Iran deal; crude supplies are declining as travel season starts Memorial Day weekend

Physical supplies of oil through the Strait of Hormuz are 95% below regular levels.

Japan Inflation Slows But Mideast Risks Keep Rate Hike on Table