{"id":3800,"date":"2026-07-09T17:08:39","date_gmt":"2026-07-09T17:08:39","guid":{"rendered":"https:\/\/homebuyerrelocation.com\/?p=3800"},"modified":"2026-07-09T17:08:39","modified_gmt":"2026-07-09T17:08:39","slug":"markets-shake-off-worries-about-renewed-mideast-fighting-though-gas-prices-rise-again","status":"publish","type":"post","link":"https:\/\/homebuyerrelocation.com\/?p=3800","title":{"rendered":"Markets shake off worries about renewed Mideast fighting, though gas prices rise again"},"content":{"rendered":"
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U.S. stocks rose despite renewed tensions in the Middle East, with a slight rise in oil and gas prices, as investors weighed mixed signals from Washington and Tehran on Thursday.<\/p>\n

Read more House lawmakers urge federal agencies to brace for AI election integrity threats<\/a><\/p>\n

Major indexes opened in positive territory, one day after a midweek selloff that was fueled by tit-for-tat strikes over Iran\u2019s aggression in the Strait of Hormuz, a critical waterway for oil traffic.<\/p>\n

The price of Brent crude oil rose to about $76 per barrel, up from closer to $70 last week.<\/p>\n

Average U.S. gas prices rose 5 cents on Thursday to $3.85 per gallon, up from $3.80 on Wednesday, according to the AAA motor club.<\/p>\n

Gas prices averaged about $3 per gallon at the start of the war on Feb. 28, and they had been falling after a mid-June memorandum of understanding paused the overseas fighting. Renewed strikes seemed to arrest and reverse that decline.<\/p>\n

Stocks were buoyed Thursday by chipmakers\u2019 performance, and Wall Street seems to be betting that Washington can manage the economic fallout from the conflict.<\/p>\n

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President Trump pointed directly to the economic benefits of halting the fighting when he signed the ceasefire memo last month, saying he did not want to be remembered as the next Herbert Hoover, referring to the president who oversaw the start of the Great Depression.<\/p>\n

Mr. Trump said late Wednesday he does not know if the U.S. is returning to a full-scale war with Iran, though he contended Tehran still wants to reach a peace settlement \u2014 rhetoric that could calm markets.<\/p>\n

\u201cThey called a little while ago. They want to make a deal so badly,\u201d the president said on Air Force One.<\/p>\n

Iran\u2019s actions in Hormuz remain a key wild card. Officials in Tehran seem intent on maintaining some level of control over the waterway, which could jar oil prices.<\/p>\n

\u201cDon\u2019t flail around pointlessly, or you\u2019ll sink even deeper,\u201d Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on X. \u201cThe Strait of Hormuz will only open with \u2019Iranian arrangements,\u2019 not American threats.\u201d<\/p>\n

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<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks rose despite renewed tensions in the Middle East, with a slight rise in oil and gas prices, as investors weighed mixed signals from Washington and Tehran on Thursday.<\/p>\n","protected":false},"author":1,"featured_media":3799,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[17,96],"class_list":["post-3800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-iran","tag-strait-of-hormuz"],"yoast_head":"\nMarkets shake off worries about renewed Mideast fighting, though gas prices rise again - Home Buyer Relocation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homebuyerrelocation.com\/?p=3800\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets shake off worries about renewed Mideast fighting, though gas prices rise again - 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