WorldIran Seeks to Bar US, Israeli Ships from Hormuz; OpenAI’s Doughnut-Like Device

Oil prices extended their gains after reports said Iran had attacked what it called “hostile targets” in the Strait of Hormuz. Tehran is reportedly seeking, through a deal with Oman, to prevent US ships from using the critical waterway. Stocks were subdued as traders avoided large bets before the monthly US payrolls report. A stronger reading could support expectations for interest rates to remain higher for longer. OpenAI’s eagerly awaited new device is said to have a distinctive, doughnut-like design.