Oil prices fell for a second consecutive session after Iran proposed reopening the Strait of Hormuz within seven days if the United States eased military pressure, although Washington has not accepted the conditions or agreed to reopen the waterway. WTI crude settled 1.70% lower at $94.15 a barrel, while Brent fell 1.67% to $98.66. Saudi Arabia’s partial resumption of East-West pipeline operations and a possible restart of exports from Yanbu also pressured prices. U.S. Treasury yields declined, supporting equities, while the Nasdaq Composite set another intraday record and technology stocks led gains. The Dow Jones Industrial Average initially advanced before reversing lower on profit-taking and position adjustments. Markets also focused on the possibility of U.S.-Iran talks during the United Nations General Assembly and on the scheduled meeting between President Donald Trump and Chinese President Xi Jinping, with expectations of discussions on AI-related guidelines supporting semiconductor shares. Despite the technology rally, more S&P 500 companies reached 52-week lows than highs, an imbalance some analysts compared with the 1999 dot-com bubble. Gold fell 0.4% to $4,367 an ounce and bitcoin declined 0.7% to $85,850.