Iran says Strait of Hormuz “fully open” to all ships amid Israel-Lebanon ceasefire

World shares were mixed on Friday even after Wall Street set another record, as investors eyed more US-Iran talks and signs of an extension of the Iran-war ceasefire that is set to expire next week.

Oil prices fell on Friday, while US futures rose.

President Trump suggested on Thursday he is willing to extend a two-week ceasefire in the Iran war, and Iran’s UN envoy said Tehran remains “cautiously optimistic” about talks with the US.

As optimism grew over an extended ceasefire, oil prices fell on Friday morning after climbing a day earlier. Brent crude, the international benchmark, was down 3.2% at $96.25 a barrel. It has increased by about 40% since the start of the Iran–Russia war in late February. Benchmark US crude was down 3.6% at $87.86 a barrel.

Global energy shocks are rising due to the effects of the Iran war, with the Strait of Hormuz largely closed while the US has imposed a maritime blockade on Iranian ports. The head of the International Energy Agency told The Associated Press on Thursday that Europe has “probably six weeks or more” of jet fuel supplies left and warned of flight cancellations “soon”.

In stocks, U.S. futures for the Dow Jones Industrial Average rose 0.5%, while futures for both the S&P 500 and Nasdaq rose 0.3% on Friday.

Britain’s FTSE 100 index fell 0.2% to 10,567.17 in early European trading. France’s CAC 40 was up 0.4% at 8,293.21, while Germany’s DAX rose 0.6% at 24,308.82.

Asian stocks were mostly lower. Tokyo’s Nikkei 225 fell 1.8% to 58,475.90 after hitting an all-time high on Thursday. South Korea’s Kospi was down 0.6% at 6,191.92. Hong Kong’s Hang Seng fell 0.9% to 26,160.33. The Shanghai Composite Index fell 0.1% to 4,051.43.

Australia’s S&P/ASX 200 fell 0.1%. Taiwan’s Taiex is trading down 0.9%, while India’s Sensex is up 0.7%.