Oil prices have slipped and Asian shares are mostly higher with the future of U.S.-Iran talks aimed at ending the war in doubt. The price for a barrel of Brent crude oil dipped below $95. On Monday, the S&P 500 slipped 0.2% from its all-time high and the Dow industrials edged less than 0.1% lower. The Nasdaq composite fell 0.3%. U.S. President Donald Trump said Vice President JD Vance would be going to Pakistan's capital Islamabad for talks. But after the U.S. Navy’s seizure of an Iranian-flagged cargo ship, the Iranian side made no commitment to more negotiations.

Oil prices climbed following the latest rise of U.S.-Iran tensions, but the moves were more modest than they were earlier in the war. U.S. stocks meanwhile gave back a bit of their record-breaking rally Monday. The S&P 500 slipped 0.2% from its all-time high. The Dow Jones Industrial Average edged down by less than 0.1%, and the Nasdaq composite fell 0.3%. The price for a barrel of Brent crude oil topped $95 again. The relatively muted moves suggest investors still see a possibility of a U.S.-Iranian agreement that could get oil flowing again from the Middle East to customers worldwide.

Oil prices are rising in early trading as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz. The price of U.S. crude oil increased 6.4% to $87.90 per barrel an hour after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 5.8% to $95.64 per barrel. The market reaction followed more than two days of lifted hopes and dashed expectations involving the strait. Crude prices plunged more than 9% on Friday after Iran said it would fully reopen the strait to commercial traffic. The country's government reversed course on Saturday after the U.S. vowed to maintain a naval blockade of Iranian ports.

NEW YORK (AP) — After U.S. President Donald Trump and Iran’s foreign minister said the Strait of Hormuz was fully open to commercial vessels a…

Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record. The S&P 500 leaped 1.2% Friday after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude. The Dow Jones Industrial Average leaped as many as 1,100 points before paring its gain and ended with a jump of nearly 870 points, or 1.8%, while the Nasdaq composite climbed 1.5%. A freer flow of oil could take pressure off prices not only for gasoline but also for groceries and all kinds of other products. Oil prices fell 9%.

President Donald Trump is betting that the tax cuts he signed into law last year will resonate with voters in Las Vegas. He promoted those cuts in remarks there Thursday, as he pushes a focus on economic issues for this year’s elections. But his effort to highlight the fact that workers who earn tips and overtime will get bigger returns this tax season is getting eclipsed by higher gas prices driven by the Iran war. The president’s trip includes a stop in Phoenix on Friday for an event with conservative political group Turning Point USA.

The U.S. stock market ticked upward to another record high. The S&P 500 rose 0.3% Thursday, a day after topping its prior all-time high set in January, for its 11th gain in 12 days. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 0.4%. Strong profit reports from several big U.S. companies helped support the market and offset a climb for oil prices. The price for a barrel of Brent crude rose back above $99. Treasury yields edged higher in the bond market, while stock indexes rose in much of Europe and Japan.