Global Headlines

London marine insurers have been seeing fewer inquiries for journeys to transit the Strait of Hormuz and some said the cost of cover had risen, in a sign of growing caution from shipowners as the US and Iran exchange attacks.

The Commodity Futures Trading Commission is blocking CME Group Inc.’s bid to start offering 24/7 trading in oil futures.

Vale SA, the world’s top iron ore producer, is under scrutiny by Brazil’s securities regulator following media reports that this week’s resignation of its board chair included a deal for a compensation package.

A resurgence in technology companies powered a rebound on Wall Street, with stocks also rising amid a decline in oil prices as traders looked past fresh hostilities between the US and Iran.

The US military attacked Iran for a second day and Tehran retaliated against American allies in the Persian Gulf, raising fears of a return to war after little progress in efforts to secure a diplomatic outcome.