Oil prices rose following the latest threats to the U.S.-Iran ceasefire, and U.S. stocks retreated from their records

Oil prices are rising back toward $100 per barrel on Wednesday following the latest flare-up in fighting to threaten the U.S.-Iran ceasefire, but U.S. stocks are nevertheless holding near their records.

Crude oil rates are close to $100 per barrel, and inflation in the US has reached its peak in several years as the Strait of Hormuz continues to be mostly shut down amid the ongoing conflict between the US and Iran.

Oil prices fell and U.S. markets were mixed a day after declines on Wall Street snapped a nine-day winning streak for the S&P 500. Futures for the S&P 500 shed

Stocks that have been artificial-intelligence winners are giving back some of their big recent runs on Thursday, leaving the U.S. market mixed as oil prices ease. The S&P 500 slipped 0.1% a day after dropping from its all-time high and coming just short of its longest winning streak in three decades.

Crude futures rose for a third consecutive session as a renewed exchange of fire between the U.S. and Iran raised tension and concerns that oil will be shut in for longer.

U.S. Central Command said Tuesday that it had defeated multiple Iranian ballistic missiles following "attempted attacks" by Iran.

Oil prices are rising Wednesday following the latest flare-up in fighting to threaten the U.S.-Iran ceasefire, and U.S. stocks are retreating from their records. The S&P 500 fell 0.5% from its all-time high.