U.S. benchmark equity indexes fell during intraday trading Tuesday as oil prices extended a significant rally driven by deepening uncertainty over the Strait of Hormuz. Oil futures (CL=F) advanced 1.53% on the day, as traders priced in the possibility that the Strait of Hormuz could remain closed or restricted for a prolonged period, tightening global crude supply. Any sustained disruption to shipping through the strait carries substantial consequences for global energy markets, supply chains, and inflation pressures across importing economies worldwide.