Hopes for a possible end to the war with Iran pushed stocks higher on Wall Street on Wednesday, while oil prices eased. The S&P 500 rose 0.5% in its latest flip - flop after the United States delivered a plan to pause the war to Iran.

Oil futures settled lower as the U.S. presented a proposal for a negotiated end to the war with Iran, but losses were curtailed by Iran’s initial rejection.

Investors cheered reports of a plan to end the Iran war. Stocks rallied and oil prices tumbled, though some market pros remained cautious.

Hopes for a possible end to the war with Iran are pushing stocks higher again on Wall Street Wednesday, while oil prices ease. The S&P 500 rose 0.6% in its latest flip - flop after the United States delivered a plan to pause the war to Iran.

U.S. stocks rose Wednesday and global oil prices fell, as traders and investors were buffeted by constant headlines about the war in Iran.

Oil futures climbed by nearly 5% Tuesday, with global prices settling above $104 a barrel following a report that the Pentagon plans to deploy an airborne Army unit to the Middle East to support its operations against Iran — signaling that the situation in the region is poised to intensify.

Trump officials are working to meet in Pakistan to discuss an off-ramp to the Iran war, sources tell CNN. Meanwhile, about 1,000 US soldiers are preparing to deploy to the Middle East, according to sources.

Oil prices bounced back above $100 a barrel on Wednesday, as the US and Iran clashed over what terms might bring the conflict in the Middle East to an end. Brent crude was trading for about $101 a barrel at midday in the US,