Yields on U.S. Treasurys held steady early Wednesday, as oil prices were volatile.

Happy Tuesday. Stocks were climbing as investors balanced falling oil prices and potential Middle East diplomatic developments against ongoing geopolitical tensions and a strong prior-day market rally. The rally helped push markets higher on Monday, as oil prices and Treasury yields retreated.

Oil prices fell sharply fell for a fifth straight trading session, reaching a two-week low on hopes of a renewed diplomatic push to end the Iran war and optimism over the reopening of a critical pipeline in Saudi Arabia.

According to Ashish Rajodiya, Head of Commodities at PL Capital, the latest decline follows reports that a senior Iranian official has submitted a diplomatic proposal to Washington through mediators.

Global shares were mixed Wednesday after Wall Street held near its record and oil prices stabilized following U.S. President Donald Trump’s remarks that United States and Iranian officials had a “very good” meeting on the sidelines of the U.

The S&P 500 was up 0.6% early on Monday, the Nasdaq Composite climbed 0.9% and the Dow Jones Industrial Average bumped up 0.3% as oil prices fell.

Oil rose Tuesday, amid concerns of growing Iran-U.S. tensions. after U.S. Treasury Secretary Scott Bessent told CNBC that all Iranian airlines will be shut down from Wednesday.

“A typical household in the Northeast that depends on heating oil might use anywhere between 800 and 1,000 gallons during a heating season. And obviously, with the numbers we're talking about now-that's a $6,000 bill compared to maybe a $3,500 or $4,000 bill in previous years,” Kloza said.

This week we're feeling temperatures going down, but the cost of oil continues to go up. Some people need that oil to keep their homes warm.

October WTI crude oil (CLV26 ) is down -0.17 (-0.18%) today, and October RBOB gasoline (RBV26 ) is up +0.0673 (+1.94%). Crude oil and gasoline prices are mixed today, with crude falling to a 3-week low.