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Commodities

Stocks Hover Near Record Highs as Oil Prices Stabilize Amid Global Tensions

Guavy AI Editorial Team
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Oil
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The US stock market has continued to hover near record highs as investors remain optimistic about the economy. This comes despite concerns over global trade tensions and a potential flare-up in the Middle East.

Meanwhile, oil prices have stabilized following reports of a deal to open the Strait of Hormuz, a critical waterway for global energy shipments.

However, the National Weather Service has issued flash flood warnings for several counties in New Jersey and Pennsylvania, with heavy rainfall expected to continue throughout the day.

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