U.S. stocks finished mixed today after an early drop. Trump threatened tougher action on Iran, which sent U.S. crude up 11% to $111 a barrel. Markets recovered a bit in the afternoon when Iran and Britain signaled they are working on diplomatic solutions to keep oil flowing through the Strait of Hormuz. Traders seem to think this disruption will be temporary, as October oil futures are pricing around $82. In other news, Blue Owl is capping withdrawals on two of its retail funds. Consumer discretionary was the worst performing sector, dragged down by Tesla after its Q1 delivery miss. Also, reports say Amazon is in talks to buy Globalstar, and SpaceX confidentially filed for an IPO at a $1.75 trillion valuation.