Global stocks mixed as Brent holds at $79.05 a barrel and WTI at $76.02

Expectations around a temporary U.S.-Iran agreement have raised hopes the Strait of Hormuz could reopen, sending Brent down to $79.05 a barrel and WTI to $76.02. The Nasdaq fell 1.2% on renewed worries about an AI bubble, with Nvidia down 2.4%, Broadcom down 4.4% and Micron down 6.2%. With the Federal Reserve’s policy meeting approaching, markets largely expect interest rates to be kept unchanged.