Commodities
Oil Price Surge Weighs on US Stocks, Tensions Rise in Strait of Hormuz
U.S. stocks struggled on Monday as investors weighed the impact of rising oil prices and tensions in the Strait of Hormuz.
The S&P 500 hovered just above flat, up 0.1%, while the Dow Jones Industrial Average slipped roughly 0.1%.
Brent crude futures climbed toward $85 a barrel, with prices near the $86 level cited by traders monitoring the latest geopolitical developments.
Energy producers may benefit from stronger crude prices, but rising fuel costs can pressure transportation and consumer companies.