Markets advance incrementally on Mideast optimism
Good morning. Oil prices and Treasury yields are easing as markets grow more confident that a deal between America and Iran could reopen the Strait of Hormuz, despite a series of military actions in recent days. The Strait, through which roughly a fifth of global oil supply passes, has been closed for almost three months. Brent crude is trading for nearly $96 a barrel and West Texas Intermediate at $90, both sharply lower than a week ago. Equity futures are pointing to a modest advance at the open, and the dollar is little changed, with the Canadian dollar, sterling, euro...