Equity markets stabilized and crude oil gave up part of its early surge as President Donald Trump raised pressure on nations to help reopen the Strait of Hormuz and said the US was talking to Iran.
Contracts for the S&P 500 Index rose 0.6% — set to end four days of losses for the underlying gauge — as Trump commented on the talks, although Iran said it hadn’t asked for negotiations or a ceasefire. The MSCI All Country World Index — the broadest measure of global equities — was little changed, following three days of declines. Asian shares gained 0.2%, while European equities were primed to advance.
