Oil prices climbed after fresh fighting threatened the US-Iran ceasefire, though US stock markets showed little sign of concern.

(Bloomberg) -- Oil climbed as tensions remained elevated in the Middle East, with negotiations over a permanent US-Iran ceasefire showing little sign of a breakthrough.

Oil prices are rising following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn’t very worried, and U.S. stocks are hanging around their records.

Wall Street is poised to open with gains and oil prices jumped again as tensions between the U.S. and Iran escalated

Oil prices climbed after fresh fighting threatened the US-Iran ceasefire, though US stock markets showed little sign of concern.

Crude oil surged nearly 8% – its best day since April 2 – after US strikes on Iran and Tehran's retaliation, stalling the S&P 500's rally even as software stocks soared.