NEW YORK, Sept. 26 -- Wall Street stocks bounced Friday to finish a volatile week on a positive note, greeting a drop in oil prices on hopes for a US-Iran agreement that could lead to the reopening of the Strait of Hormuz.

Markets weighed mixed signals from the UN General Assembly in New York this week on the state of play between Washington and Tehran.

While both US President Donald Trump and Iranian President Masoud Pezeshkian included tough rhetoric against each other in UN addresses, Iranian Foreign Minister Abbas Araghchi proposed a plan that would include the reopening of the Strait of Hormuz within seven days.

"It is a dubious offer considering Iran hasn't changed its conditions from before," said Patrick O'Hare, an analyst at B...