Oil prices are back to jumping as Middle East tensions escalate, while the Federal Reserve kept interest rates on hold, with three of the central bank’s rate-setting committee dissenting.

Stocks are drifting on Wall Street and oil prices fell after the US and Iran paused their attacks while work resumed on restarting negotiations to end the war.

Most of Wall Street is rising even as stocks of computer chipmakers continue to tumble worldwide. Oil prices, meanwhile, are easing further from the two-month high they hit last…