Iranian Foreign Minister Abbas Araghchi (L) met Russian President Vladimir Putin in Saint Petersburg

Iranian Foreign Minister Abbas Araghchi (L) met Russian President Vladimir Putin in Saint Petersburg

Oil prices jumped Tuesday on lack of progress towards re-opening the Strait of Hormuz while stocks diverged as attention turned back to the outlook for interest rates and company earnings.

The White House has refused to say if US President Donald Trump is inclined to accept Iran's latest proposals to end the two-month old conflict and re-open the crucial waterway.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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