Oil prices sent conflicting signals on Friday as traders weighed prospects for reopening the Strait of Hormuz. Times of India reported a 1% rise, while BBC News reported a decline on hopes the waterway could reopen. Bloomberg also reported oil gains as Iranian lawmakers said they would seek to bar US and Israeli ships from the strait as part of a deal.
US President Donald Trump hinted at a potential resolution to the conflict, and Iran and Oman are exploring new transit options for the waterway. Separately, US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent announced talks had progressed enough to allow shipments to resume.
US equity futures edged higher ahead of the July payrolls report.