All three major U.S. indexes hit records - the first time that has happened this year

Major U.S. market indices rose in trading on Wednesday, May 27, to new records, and the price of Brent crude oil fell below $95 per barrel after Iran said it would restore shipping in the Strait of Hormuz to pre-war levels within a month after an agreement with the U.S., and Secretary of State Mark Rubio said that Washington has high hopes for diplomacy. Meanwhile, the S&P 500 and Nasdaq Composite rose only hundredths of a percent as the technology sector rally that had driven the market the day before weakened.

- The S&P 500 broad market index rose 0.02% to a new all-time high of 7,520.46 points.

- The blue-chip index Dow Jones Industrial Average added 0.36% to reach 50,644.28 points, which was also a record.

- The Nasdaq Composite Technology Sector Index added 0.07%, hitting a high of 26,674.74 points.

- The Russell 2000 index of small and mid-capitalization companies was down 0.03%.

- Brent crude futures fell by 4.6%, trading below $95 per barrel. North American WTI lost 4.8% of its value - its price fell below $90 per barrel.

Speaking at the White House, US Secretary of State Marco Rubio assured that some progress has been made in negotiations with Iran. President Donald Trump prefers diplomacy, but if it doesn't work, he has other options, Rubio said, probably referring to new military strikes, CNBC writes. "The bottom line is that we prefer the path of diplomacy and we will give it every chance to succeed," the TV channel quoted the Secretary of State as saying.

At the same time, Trump said he was "not satisfied" with the talks, Bloomberg reported, promising that he would not allow Tehran to control the Strait of Hormuz, through which about 20% of the world's oil supplies passed before the war. "The strait will be open to everyone," the president said. The statement came after Iranian state television reported on a draft interim peace deal. It said traffic through the Strait of Hormuz could return to normal within a month of the deal taking effect - on the condition that Iran manage ship traffic through the strait with the cooperation of Oman.

Both Iran and the U.S. said last week that the talks were making progress. Rubio reiterated Wednesday that "there is some progress and some interest, and we'll see in the coming hours and days," Bloomberg quoted him as saying. Ali Bagheri-Kani, deputy secretary of Iran's Supreme National Security Council, said at the same time: "Until we have agreed on all issues, we believe we have not agreed on anything."

The news is supplemented.

This article was AI-translated and verified by a human editor