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Oil prices fell and futures on the S&P 500 rose slightly on Sunday as investors reacted to continued uncertainty about the war in Iran.
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The U.S. says it will guide ships through the Strait of Hormuz to break the deadlock.
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Iran has blocked tanker traffic through the Strait of Hormuz since the U.S. and Israel started the war in late February, resulting in supply and price shocks.
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President Trump announced that the U.S will "guide" stranded ships through the Strait of Hormuz. And, Democrats face an uphill battle to gain Senate control. Here are the key races to watch.
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The U.S. military's Central Command also said two American-flagged merchant ships have "successfully transited through the Strait of Hormuz."
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Iran warned the United States on Monday not to approach or enter the Strait of Hormuz as the American military launches a new effort to "guide" stranded ships through the critical waterway
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