U.S. Stocks Jump as Bessent Says Iran Deal May Be Days Away

U.S. stocks surged and oil fell sharply after Treasury Secretary Scott Bessent said the U.S. could reach a deal with Iran to reopen the Strait of Hormuz "today or tomorrow."

Hormuz Opening Uncertain After New Strike

A ship moving through the Strait of Hormuz was struck as talks to open the waterway continued.

Inflation Problem Isn't Only About Energy, Fed's Schmid Says