Oil prices slipped $1 per barrel on Monday in volatile trading after reports that Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region.

U.S. stock indexes are losing ground on Tuesday, while oil prices rise again.The S&P 500 was down 0.8% in afternoon trading following signals that one of the U.S. economy’s main engines, spending by households,