Oil rises, stocks swing as peace talk hopes wobble

Oil prices rose Monday while stocks were mixed with the United States and Iran no closer to ending their eight-week-old war after Donald Trump cancelled his envoys' trip for peace talks at the weekend.Oil prices rose more than one percent Monday, though lingering hopes that a deal can eventually be reached has tempered the gains.

Apr 27, 2026 - 12:00
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Oil rises, stocks swing as peace talk hopes wobble
Oil prices rose Monday while stocks were mixed with the United States and Iran no closer to ending their eight-week-old war after Donald Trump cancelled his envoys' trip for peace talks at the weekend.Oil prices rose more than one percent Monday, though lingering hopes that a deal can eventually be reached has tempered the gains.

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