(Bloomberg) -- Wall Street traders drove bonds higher and most stocks rose as hopes for a deal to revive the Strait of Hormuz trimmed a rally in oil prices, easing worries about inflation.

(Bloomberg) -- Oil extended its recent gains as Iran rejected talks with the US and a deal to reopen the vital Strait of Hormuz remained elusive. Treasuries declined.

(Bloomberg) -- A rally in oil prices left stocks wavering while bond yields climbed, with trader anxiety building just days ahead of key inflation reports.