Stock futures climbed on Friday as top semiconductor stocks gained ahead of a payrolls report that’s expected to show a modest increase in hiring. Oil held steady as the Iran ceasefire appeared intact even with overnight clashes near the Strait of Hormuz.
Oil climbed after renewed clashes between US and Iranian forces which has jeopardized the outlook for a deal to end the war. The Strait of Hormuz has been effectively closed since the start of the war triggering an energy supply shock.…
U.S. stocks are holding tentatively around their record heights, while oil prices climb with uncertainty about when oil tankers can resume crossing the Strait of Hormuz and restore the world’s flow of crude.
