<div id="readability-page-1"><p>The Dow Jones (DJIA) is trading lower on Thursday amid a rally in oil prices and pressure in the tech sector.</p><h3>Meet Samuel – Your Personal Investing Prophet</h3><ul><li>Start a conversation with  TipRanks' trusted, data-backed investment intelligence </li><li> Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds</li></ul> <p>Brent crude oil (BZ) rallied in early morning trading after <em>Reuters</em> reported that Iranian Supreme Leader Ayatollah Mojtaba Khamenei refused to transfer its stockpile of highly enriched uranium out of the country, a key demand of the U.S. for resolving the war. However, a senior Iranian official later denied the validity of the report, labeling it as &#34;enemy propaganda.&#34; Brent eased lower following the official's statement, although it remains positive on the day.</p> <p>Elsewhere, Iran and Oman are in talks over a framework to establish a permanent toll system for vessels passing through the Strait of Hormuz, according to <em>Bloomberg</em>. The global oil chokepoint has remained at a near standstill since the onset of the U.S.-Iran war on February 28 amid threats of attacks from Tehran. Fees from a toll system would likely filter through to consumers, lifting shipping costs and supporting higher energy prices.</p> <p>&#34;This will entail costs, and it goes without saying that those who wish to benefit from this traffic must also pay their share,&#34; said Mohammad Amin-Nejad, the Iranian ambassador to France, on Wednesday.</p> <p>Finally, initial jobless claims for the week ended May 16 fell by 3,000 to 209,000, below the consensus estimate of 210,000. Continuing jobless claims, which trail initial claims by a week, rose by 6,000 to 1.782 million, below the estimate of 1.786 million. Initial jobless claims serve as a gauge of layoffs, while continuing jobless claims track the number of people receiving unemployment benefits and reflect ongoing unemployment.</p> <p>The Dow Jones is down by 0.21% at the time of writing.</p></div>

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<p>The Dow Jones (DJIA) is down 0.21% as oil prices rise amid tensions in the tech sector. Brent crude oil initially rallied after reports regarding Iran's uranium stockpile, but eased after a denial from an Iranian official. Additionally, Iran and Oman are discussing a toll system for vessels in the Strait of Hormuz, which could increase shipping costs. Initial jobless claims fell to 209,000, while continuing claims rose to 1.782 million, both below estimates.</p>

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Dow Jones Today: DJIA Holds Steady as Oil Climbs; Tech Stocks Lose Momentum