Global stocks slip, oil climbs above $110 amid Hormuz uncertainty

Global stocks struggled while oil prices climbed as investors reacted to rising tensions ahead of President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz.

Brent crude rose 0.4% to $110.19 a barrel, while US West Texas Intermediate gained 0.8% to $113.31.

Japan’s Nikkei 225 slipped 0.2% after giving up earlier gains, while South Korea’s Kosdaq fell 0.75%.

Singapore’s Straits Times Index was down 0.22%. Markets have been unsettled as traders weigh the risk of escalation if Iran fails to meet the deadline.