Stocks wilt as oil rallies; Iran ceasefire 'on life support'

NEW YORK/LONDON, May 12 : Equity indexes dipped on Tuesday as U.S. inflation climbed while oil gained for a third straight day and the dollar rose as hopes faded for a deal to get ships moving through the Strait of Hormuz.In April, U.S. consumer prices (CPI) rose sharply for a second straight month, resultin
2026-05-12 16:09:23