The broad market index rose 0.7%, while the Nasdaq Composite<\/a> climbed 0.6%. The Dow Jones Industrial Average<\/a> added 440 points, or 0.9%.<\/p>\n Volatile oil prices and the fallout of the Iran war continue to influence investor sentiment. On Tuesday morning, oil prices<\/a> advanced more than 1%, with global benchmark Brent crude<\/a> above the $100 mark. <\/p>\n Stock Chart IconStock chart icon Oil prices<\/p>\n Oil’s bounce came after President\u00a0Donald Trump<\/a>\u00a0suggested that a coalition to protect shipping along the Strait of Hormuz is\u00a0still in the works<\/a>.<\/p>\n Trump told reporters Monday that some countries are “less than enthusiastic” about a plan to help escort oil tankers through the Strait of Hormuz. The president encouraged other nations to “get involved quickly and with great enthusiasm<\/a>.”<\/p>\n “We have some that are really enthusiastic. They’re coming already. They’ve already started to get there,” Trump said. “We’ll give you a list. Some are very enthusiastic, and some are less than enthusiastic, and I assume some will not do it. I think we have one or two that will not do it that we’ve been protecting for about 40 years at tens of billions of dollars.”<\/p>\n Oil prices have surged since the start of the\u00a0U.S.-Israel attacks on Iran<\/a> on worries that a prolonged closure of the Strait of Hormuz could lead to a global disruption of energy supplies. <\/p>\n Investors are watching for further developments on the war, especially after Iran’s security chief, Ali Larijani, was killed in airstrikes overnight<\/a>. That’s according to Israeli Defense Minister Israel Katz.<\/p>\n Many are crediting a relatively strong economy, contained inflation and strong earnings for continued momentum behind the stock market, but Bartlett Wealth Management president Holly Mazzocca said on Monday that “risks to that growth story are mounting.”<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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