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April 2, 2026 – 16:57
(Bloomberg) — Stocks pared earlier losses and oil prices retreated from their highs on a report that Iran is drafting a protocol with Oman to monitor traffic through the Strait of Hormuz.
The S&P 500 was down 0.1% after falling more than 1%. The Nasdaq 100 was off 0.2%, also rebounding from a deep loss. West Texas Intermediate was up 9% at around $109 per barrel, after rising to nearly $114 earlier in the session.
Iran is drafting a protocol with Oman to monitor traffic through the Strait of Hormuz, state-run IRNA reports, citing Iran Deputy Foreign Minister Kazem Gharibabadi.
The two year Treasury yield was little changed at 3.79%, while the dollar gave back some gains.
Stocks
The S&P 500 fell 0.1% as of 10:53 a.m. New York time The Nasdaq 100 fell 0.3% The Dow Jones Industrial Average fell 0.2% The Stoxx Europe 600 fell 0.1% The MSCI World Index fell 0.4% Currencies
The Bloomberg Dollar Spot Index rose 0.2% The euro fell 0.4% to $1.1544 The British pound fell 0.6% to $1.3225 The Japanese yen fell 0.3% to 159.32 per dollar Cryptocurrencies
Bitcoin fell 2% to $66,807.71 Ether fell 3.8% to $2,061 Bonds
The yield on 10-year Treasuries declined two basis points to 4.29% Germany’s 10-year yield was little changed at 2.99% Britain’s 10-year yield was little changed at 4.83% Commodities
West Texas Intermediate crude rose 9% to $109.15 a barrel Spot gold fell 1.6% to $4,681.52 an ounce This story was produced with the assistance of Bloomberg Automation.
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