Shares of energy companies rose alongside oil futures amid doubts about the sustainability of a U.S.-Iranian cease-fire.
The price of Brent crude oil, the international benchmark, was edging toward $100 Tuesday afternoon after reports that Vice President J.D. Vance had delayed his trip to Pakistan where peace talks between the U.S. and Iran were scheduled.
Halliburton shares rose after the oilfield services giant cited clear signs of a recovery in North American demand.
So far, major U.S. producers have reportedly been in wait-and-see mode, skeptical that the gains associated with the Iran war would last long.
Oil could gain further after President Trump said he was extending the U.S. blockade of the Strait of Hormuz while awaiting a peace proposal from Iran.
U.S. oil futures closed up 2.8% at $92.13 a barrel.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-21-26 1738ET
