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Major indexes end weeks of gains as tensions between the U.S. and Iran cast doubt on a potential ceasefire.
A senior Iranian official revealed potential peace talks are being considered in Pakistan.
KEY POINTS
- The reopening of the Strait of Hormuz was brief, causing market volatility.
- The S&P 500 energy index outperformed due to a sharp rise in U.S. crude prices.
- The CBOE Volatility Index climbed after prior declines, reflecting renewed market anxiety.
COMPANIES
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