The S&P/TSX Composite Index was little changed near 36,000 on Friday as oil prices and global yields eased from recent peaks but remained elevated. Oil declined amid reports that the US and Iran were considering an agreement that could reopen the Strait of Hormuz and lift the US blockade on Iranian ports. The retreat in oil provided some relief for credit-sensitive sectors facing pressure from concerns over energy-driven inflation. RBC and TD Bank each rose nearly 1%, while higher gold prices supported mining shares. Agnico Eagle edged higher and Barrick gained 0.5%. Kinross rebounded nearly 2% after falling more than 10% on Thursday when it lowered its production outlook for 2026 and 2027. Energy heavyweights declined about 1.5% each as lower oil prices weighed on the index.