“Stocks are doing their best to ignore the situation in the Persian Gulf,” said analyst Steve Sosnick of Interactive Brokers.

Brent crude added 0.9 per cent to US$84.32 a barrel as shipping through the vital waterway remained at a trickle, while US crude rose 0.7 per cent to US$78.74 a barrel.

(Bloomberg) -- Global stocks traded near a record high as Asian shares tracked Wall Street higher after soft US jobs data eased expectations for a Federal Reserve interest-rate…