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Story summary
- Stocks rose slightly as traders awaited news on the Strait of Hormuz reopening.
- The Standard & Poor's 500 Index (S&P 500) advanced 0.5%, its first gain in five days.
- The U.S. dollar weakened.
- U.S. President Donald Trump urged nations to assist in reopening the vital oil route amid tensions with Iran.
- The Trump administration is reportedly forming a coalition to escort ships through the Strait of Hormuz.
