[BRIEFING.COM] The major averages continue to trade in a relatively stable range, with the S&P 500 (-0.3%), Nasdaq Composite (-0.6%), and DJIA (+0.1%) sitting mostly lower.
The price of oil continues to climb, with crude oil currently up $.144 (+1.5%) to $97.17 per barrel. Reuters reported that Iran cleared two LPG tankers through the Strait of Hormuz.
Meanwhile, The Wall Street Journal reported that the Pentagon is sending more Marines and warships to the Middle East.