Stocks slip, oil pares gains as Iran and Israel halt attacks
Global stocks edged lower on Monday while oil prices gave up part of their earlier gains after Iran and Israel said they had halted attacks on each other following an appeal from US President Donald Trump.
Markets remained cautious as uncertainty persisted over the durability of the ceasefire. Tehran warned it would resume strikes if Israel continued attacks on Iran-backed Hezbollah in Lebanon.
In energy markets, US crude settled up 0.84%, or 76 cents, at $91.30 a barrel after earlier trading above $95. Brent crude ended the session up 1.25%, or $1.16, at $94.25 a barrel after briefly rising above $98.
