US stocks end weaker but way off session lows. What turned it around?

United States oil prices remained higher but off the highest levels since 2024 reached earlier in the day, and stocks significantly pared losses by the closing bell as investors digested the prospects that the war with Iran might last about another month. A senior commander from Iran’s Revolutionary Guards said Iran has closed the Strait of Hormuz and warned that any vessel attempting to transit the waterway would be targeted, Iranian media reported. About a fifth of the world's oil travels through the St ...