US equities opened lower as S&P 500 fell 0.2% to 7,114.68, Nasdaq down 0.3% to 24,408.94, Dow at 49,439.30.
Brent crude rose 3% to $93.09 per barrel and WTI increased 3.6% to $85.60 amid renewed Hormuz shipping uncertainty.
President Trump announced a US delegation led by Vice President JD Vance heading to Pakistan for peace talks, while Tehran threatened retaliation.
Upcoming earnings from Cleveland-Cliffs, American Express, Intel, UnitedHealth, RTX, and Tesla, plus April US business activity data, could shape market direction.