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Oil prices fall on hopes Strait of Hormuz could reopen 0
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- August 4, 2026
Oil prices fell to a three-week low on Tuesday as senior US officials raised hopes of a deal with Iran to reopen the key Strait of Hormuz waterway. US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to potentially resume as soon as this week.
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Dow surges to record close after fresh tech rally and a plunge in oil prices 0
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- August 3, 2026
The Dow closed at a record on Monday, with stocks rallying and crude prices tumbling to start the month. Major indexes were sharply higher after the Donald Trump said he called off an attack on Iran and that peace talks were set to resume. The rally picked up steam as oil prices tumbled, with the
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Falling oil prices help calm worries about inflation, and Wall Street rallies 0
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- August 3, 2026
NEW YORK — NEW YORK (AP) — Oil prices are easing on Monday and helping to calm Wall Street’s worries that inflation could get even worse. That has U.S. stock indexes rallying, though sharp swings are continuing to roil underneath the surface. The S&P 500 rose 1.5% following its wild July, where it swung up
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US interest rates held steady as Fed chief says ‘no magic wand’ to tackle high prices 0

The Federal Reserve acknowledged that inflation remained “elevated,” which it said was partly due to rising energy prices, but said U.S. economic activity was expanding at a “robust pace despite the uncertainty caused by the conflict in the Middle East.” Warsh said he had wanted and succeeded in having a “family feud” with his policy

South Korea’s Kospi stock index falls 6% and other Asian stocks mixed as oil prices rise 0

TOKYO — Asian stocks were mixed, while South Korea’s Kospi stock index fell 6% on Wednesday, as doubts over massive investments in artificial intelligence once again led investors to dump chipmaker stocks. American futures hardly changed. The latest decline in Seoul was led by a drop in shares of chipmaker SK Hynix after its operating