Shares of U.S. companies in the energy sector rose as oil prices declined amid rising hopes of a U.S.-Iran agreement to normalize shipping through the Strait of Hormuz.

Oil prices surged Monday as shipping through the Strait of Hormuz slowed amid escalating tensions. Talks between U.S. and Iranian officials began on a rocky note, with Iran citing…

Shares of U.S. companies in the energy sector rose as oil prices declined amid rising hopes of a U.S.-Iran agreement to normalize shipping through the Strait of Hormuz.