Wall Street saw even sharper swings earlier in the war, when hopes rallied for a reopening of the Strait of Hormuz, only to get quickly dashed.

Stocks in Asia slid Tuesday while oil prices eased but remained well above $100 a barrel, amid renewed hostilities between the U.S. and Iran.

Wall Street had already set records on Tuesday, with the S&P 500 rising 0.8 per cent to a new all-time high

Global oil prices plummeted and financial markets rallied after Washington paused a bid to reopen the Hormuz Strait to give peace negotiations a chance

Oil prices rose Thursday, as investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S.

Wall Street saw even sharper swings earlier in the war, when hopes rallied for a reopening of the Strait of Hormuz, only to get quickly dashed.