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More on Today's Markets:

Iran offers deal to US to reopen strait, delay nuclear talks, Axios reports

The plan, conveyed through mediators in Pakistan to break a stalemate with Washington, calls for extending the ceasefire so the parties can work toward a permanent end to the fighting, Axios said. Nuclear talks would come later, only after a US blockade of the Strait of Hormuz is lifted.

Crude oil gains as U.S. weighs Iran's latest proposal with Strait of Hormuz still shut

"The diplomatic standoff means that every day 10M-13M barrels of oil fail to get to the international market, worsening an already tight ​oil balance. Therefore, there is only one direction for oil prices to go," PVM Oil Associates analyst Tamas Varga wrote.

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