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Asian markets are mixed and oil is steady after Wall Street hits records
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Asian markets are mixed and oil is steady after Wall Street hits records

The Seattle Times·ELAINE KURTENBACH The Associated Press·29 days ago
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Shares were mixed in Asia on Monday after U.S. stocks set more records, powered by strong profits for major companies. Oil prices held steady after U.S. President Donald Trump said the U.S. would help ships leave the Strait of Hormuz, starting on Monday. Iran has rejected the plan, but Trump also said talks with Iran could lead to positive outcomes. The price of a barrel of U.S. benchmark crude fell 21 cents to $101.74 a barrel. Brent crude, the international standard, edged 5 cents higher to $108.19 a barrel. Much hinges on progress toward ending the war with Iran and unlocking the bottleneck through the Strait of Hormuz. The oil market “remains the fulcrum, with hundreds of tankers, bulk carriers, and cargo ships still stranded across the Gulf, idling as storage constraints force producers to shut … production simply because there is nowhere left to store it,” Stephen Innes of SPI Asset Management said in a commentary.…

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