April 6, 2026
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10:16Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Oil climbed and stocks whipsawed after President Donald Trump signaled that an escalation of strikes on Iran could come as soon as Tuesday, overshadowing hopes for a ceasefire.
Fears that imminent military action could derail tentative progress toward restoring energy flows through the Strait of Hormuz drove US crude above $112. In a volatile session, equities held on to small gains, with the S&P 500 posting its longest advance since January. Bonds and the dollar barely budged.
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