“The market has taken the view that Trump doesn’t want to escalate further and has no interest in seeing oil prices surge again.”

"There are three key potential risks to stock markets at the moment — Hormuz remaining closed, inflation and rates rising faster than expected and investors taking profits in…

Dow futures slipped and oil surged above $95 as Iran closed the Strait of Hormuz and Trump warned of more U.S. strikes without a deal.