US Equity Indexes Pare Losses Amid Diplomatic Moves Underway to Reopen Strait of Hormuz

U.S. equity indexes narrowed their losses in midday trading on Thursday as diplomatic initiatives aimed at reopening the Strait of Hormuz gained traction, offering a potential reprieve for energy markets. The move sparked a partial rebound

• Diplomatic efforts to reopen the Strait of Hormuz are underway.
• US equity indexes initially fell but pared losses following the news.