US stocks retreat as oil jumps on Hormuz pessimism
The Nasdaq and S&P 500 closed lower on Monday, with declines in Intel and other chipmakers, as investors became less confident about a deal to reopen the Strait of Hormuz. US President Donald Trump demanded that Iran pay compensation for the people he said it had killed in wars, attacks and protests. Earlier, Iran called for Washington to meet conditions, including recompensing Tehran for the…
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