Stocks and oil prices rise amid impasse over Strait of Hormuz reopening

Stocks and oil prices rose slightly on Friday, with little sign of concrete progress in talks on a peace deal between the United States and Iran.

Pakistan and Qatar have sent envoys to Iran, officials and diplomats said on Friday, as mediators stepped up efforts to prevent the collapse of a month-long ceasefire between Washington and Tehran.

Nearly three months after fighting began, disagreements continue over the fate of Iran’s uranium supplies and reports that Iran and Oman may impose transit fees on ships passing through the Strait of Hormuz. The Trump administration has warned against charging ships to transit through the strait, a key shipping route for oil and gas.

Under a fragile ceasefire, negotiations on the points of a lasting peace agreement appear to be far from complete.