5 August 2026 at 1:51 am
Summary
US stocks surged, with the S&P 500 reaching a record high, following reports that a deal to reopen the Strait of Hormuz is imminent. This development comes after Iranian and Omani negotiators reportedly agreed on a temporary shipping arrangement.
Dow, S&P 500 Close at Record Highs as AI Earnings Impress and Oil Prices Tumble
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US Reports Progress in Hormuz Talks, No Final Agreement Yet
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