Stocks rise, oil slips on hopes for Mideast peace deal

Stock markets climbed and oil prices retreated Tuesday on rekindled hopes for a deal to end the Middle East war and reopen the key Strait of Hormuz to end disruptions that have sent energy prices soaring."Stocks saw an upswing while oil prices took a dip following President Donald Trump's suggestion to reopen talks with Iran, sparking optimism for a potential agreement that might alleviate tensions in the Middle East," said Patrick Munnelly, a market strategist at Tickmill Group.