Mumbai, Aug. 11 -- The U.S. stock market edged down from its all-time high on Monday, while oil prices rose on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going again.

The S&P 500 slipped 0.1% from its record set on Friday. The Dow Jones Industrial Average dipped 60 points (0.1%) and the Nasdaq composite fell 0.3%.

The price for a barrel of Brent crude rose 5% to $87.72. It had swung between $72 and $102 last month as hopes rose and fell that the United States and Iran could reach an agreement that would allow oil tankers to freely exit the Middle East again to deliver crude worldwide. Higher oil prices push inflation upward, and the main event for Wall Street this week will likely be Wednes...