(Bloomberg) -- US stocks modestly extended all-time highs as traders waited to see whether America and Iran could finally get a peace deal across the line and restore oil flows through the Strait of Hormuz.

U.S. stocks rose Tuesday, catching up after a holiday, as optimism over U.S.-Iran talks lifted sentiment. The S&P 500, Nasdaq and Dow hovered near record highs, while oil prices…

U.S. Stock markets in much of the rest of the world pulled back from their gains the day before, as fighting continued in the region and the U.S. military.