Stocks Rally Falters, Oil Rises As US-Iran Talks Postponed

Stock markets were mixed on Friday and oil prices rose after Switzerland said planned talks following up on the US-Iran agreement had been postponed, dealing a blow to the week-long rally.

Equities have been on a tear since the two announced last weekend that they would end their three-month conflict and reopen the Strait of Hormuz, fuelling global relief as economies have been hit by…