U.S. stocks fell, while the price of oil jumped more than 5% in trading on Tuesday, April 21. Hopes that the U.S. and Iran would reach a peace deal before the ceasefire expires on Wednesday are dissipating. Talks that were supposed to take place in Pakistan have stalled, according to media reports, with Iranian officials refusing to participate and US Vice President J.D. Vance postponing a planned trip.

Stocks fall, Brent back above $100 after reports of Iran-U.S. talks breakdown

Kuwait has declared force majeure on oil and oil products supplies due to the blockade of the Strait of Hormuz, which has restricted tanker access to the Persian Gulf and made it difficult to fulfill export obligations, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-04-20/kuwait-declares-force-majeure-on-oil-shipments-on-hormuz-halt">writes.</a>

Kuwait declares force majeure on oil supplies due to the closure of the Strait of Hormuz

Royal Caribbean Cruises Ltd.

United Airlines Holdings, Inc.

Expedia Group, Inc.

Airbnb, Inc.

Amazon.com, Inc.

APA Corporation

Valero Energy Corporation

Occidental Petroleum Corporation

Exxon Mobil Corporation

Chevron Corporation

The S&amp;P 500, Nasdaq Composite and Russel 2000 indexes hit new records on Friday after Iran declared the Strait of Hormuz "fully open" to commercial shipping and U.S. President Donald Trump said Tehran also agreed to suspend its nuclear program. Oil prices collapsed despite the U.S. military maintaining a blockade of Iranian ports and Iranian media saying passage through the strait will remain closed to "unfriendly countries."

U.S. indexes soar, Nasdaq Composite has longest streak of gains in more than 30 years

The International Energy Agency is already recording the first signs of demand destruction in the oil market

Recovery of oil and gas industry after war will take two years - IEA head

'War changes consumption': IEA expects oil demand to fall - for the first time since the pandemic

Oracle Corporation

Palantir Technologies Inc.

The S&amp;P 500 broad market index hit its highest close since late February and oil prices slowed after U.S. President Donald Trump said Iran still wants a deal. Stocks were sharply lower in the morning and oil rose in price as weekend talks in Pakistan stalled and the U.S. decided to move to blockade the Strait of Hormuz, the opening of which is awaited by much of the world.

S&amp;P 500 recoups losses since war: Trump hints again at Iran deal

U.S. stocks opened the main trading session on April 13 with a drop after the failure of U.S.-Iran talks over the weekend.

U.S. stocks opened trading lower amid escalation over Iran

Tanker traffic through the Strait of Hormuz has come to a halt ahead of the start of the U.S. blockade of the waterway

'Oil at $150': Onyx expects crude prices to soar with US blockade of Strait of Hormuz

The US is <a href="https://oninvest.com/article/tramp-prikazal-blokirovat-ormuzskij-proliv-posle-provala-peregovorov-s-iranom">imposing a blockade</a> on Iranian ports after the breakdown of negotiations with Tehran, which pushed oil above $100 per barrel amid the biggest supply disruption. These and other topics are in our review of key events for the morning of April 13.

Top story for the morning: the U.S. has declared a blockade of the Strait of Hormuz, oil prices have risen sharply

Trump's threat to block the Strait of Hormuz has added pressure to the commodities market

Oil up 8%, stock futures fall after U.S.-Iran talks fail

Meta Platforms, Inc.

Tesla, Inc.

Universal Music Group N.V.

Donald Trump agreed with Iran on a two-week truce and the opening of the Strait of Hormuz, which supported the growth of world markets and led to a slight decline in oil prices. Meanwhile, details of a possible listing of SpaceX became known: the company is preparing a placement with a focus on retail investors, but analysts doubt the potential for profitability at a valuation of $2 billion. Against this background, Pershing Square plans to acquire Universal Music with a significant premium, considering the company's securities undervalued. The main events of April 6-10 are in our review.

Highlights of the week: US-Iran truce, Meta AI model, Universal Music deal

The S&amp;P 500 index declined on Friday, but at the end of the week still showed the best growth since November, as well as the Nasdaq Composite. Traders rejoiced at the truce between the U.S., Israel and Iran, but are still cautious about its prospects. For instance, it was supposed to, but never did, unblock shipping in the Strait of Hormuz. Oil futures were cheaper, but real commodity prices in Europe were at record levels. In the US, important macro data was released on Friday: the Consumer Price Index report for March showed that inflation was in line with expectations, however, the war still led to increased inflationary concerns of consumers.