NEW YORK — Oil prices climbed back toward $100 per barrel on Thursday, while stock markets worldwide slowed following their big gains from the day before. The S&P 500 flipped from a small loss to a gain of 0.3 percent. The Dow Jones Industrial Average was up 77 points, or 0, percent, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 0.3 percent higher. Earlier in the day, stocks fell across much of Europe and Asia as the United States, Iran and Israel disagreed on the details of their two-week ceasefire , whose announcement had sent markets flying in optimism on Wednesday. The oil market was jumpier, and the price for a barrel of benchmark U.S. crude oil climbed 5.6 percent to $99.70. It rose after semiofficial news agencies in Iran suggested forces have mined the Strait of Hormuz, the narrow waterway that has been at the center of President Donald Trump’s demands of Iran. Blockages there have kept oil and natural gas stuck in the Persian Gulf, away from customers worldwide. Brent crude, the international standard, rose 2.3 percent to $96.95 per barrel. It’s still below
GCC seeks permanent solution for regional crisis
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