U.S. stocks rose modestly Tuesday, with the Dow, S&P 500, and Nasdaq gaining
about 0.1%, 0.3%, and 0.5%, respectively, as oil prices climbed amid escalating
Iran conflict risks. Brent crude neared $104 and U.S. diesel topped $5 per
gallon. Ongoing disruption in the Strait of Hormuz and limited allied support
for U.S. protection efforts added uncertainty. Investors await the Federal
Reserve’s policy decision, with markets pricing a high likelihood of unchanged
rates, while higher energy costs complicate the inflation outlook.