Stocks were mixed to higher for much of a trading session defined by optimism about peace in the Middle East. All three main equity indexes finished in the red, though, after The Wall Street Journal reported the Trump administration is considering resuming an effort to force open the Strait of Hormuz.
The front-month West Texas Intermediate crude futures contract was down as much as 5.5% to below $90 per barrel early on Wednesday but settled up more than 2% and above $97.
