Stocks Gain for 8th Week Amid Impasse Over Reopening Strait of Hormuz

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Stocks and oil prices rose slightly on Friday, with few signs of concrete progress in talks to establish a peace deal between the United States and Iran.

Pakistan and Qatar have dispatched envoys to Iran, officials and diplomats said on Friday, as mediators intensified efforts to preserve a monthlong cease-fire between Washington and Tehran.

Nearly three months since the fighting began, disagreements remain over the fate of Iran’s uranium stockpile and reports that Iran and Oman may impose transit fees on vessels passing through the Strait of Hormuz. The Trump administration has warned against charging ships for passing through the strait, a critical shipping lane for oil and gas.

Under a fragile cease-fire, negotiations over the points of an enduring peace agreement appear far from settled.

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