Oil jumps on Hormuz tensions, stocks mostly retreat

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Follow our live coverage here. NEW YORK – US and European stocks reversed on April 20 as oil prices surged over fears hostilities could resume in the weeks-long Middle East war after Iran closed the Strait of Hormuz following its brief reopening. Investors were on edge approaching the end of the US-Iran ceasefire, with Washington saying it will send a delegation to Pakistan for a new round of talks “soon” and Iran saying it had yet to decide whether to attend. “The market mood is very different at the start of the week compared to Friday,” said Kathleen Brooks, research…