Oil Prices Rise As Iran Vows To Permanently Control Strait; S&P 500 Climbs

U.S. crude oil prices rose back above $95 a barrel on Tuesday as markets priced in a longer conflict but no dramatic oil shock. The S&P 500 managed to climb despite higher oil prices, extending Monday's rebound. The speaker of Iran's parliament said on state television that the Strait of Hormuz cannot be "as it was before" the U.S.-Israeli invasion, the Associated Press reported.