(Bloomberg) -- Wall Street traders sent stocks toward all-time highs, bonds rose while a rally in oil waned on speculation about a diplomatic breakthrough in the three-month war that has rattled global markets.

Wall Street stocks mostly rose Tuesday, lifting the S&P 500 and Nasdaq to fresh records on hopes for a Middle East peace deal.The gains came despite a jump in Brent oil prices…

Oil prices were mixed after U.S. strikes on Iranian forces, underscoring the risks still hanging over markets and consumers.