Oil Prices Climb and Stocks Dip on Stalemate in Iran War

Hopes were dashed over the weekend for a breakthrough on the Strait of Hormuz.

Welcome back to the City AM liveblog. New tensions in the Strait of Hormuz this morning are leaving markets on edge and handing a blow to earlier optimism around a peace deal between the US and Iran. Oil is moving higher, reversing some of the drawback from the beginning of this week, after an attack…