Macro Finance
Hormuz Deal Remains Elusive, Stocks Hold Near Record Highs | The Opening Trade 8/10/2026
Bloomberg Markets·August 10, 2026·1 min read
Stocks traded near record highs as weak US jobs data curbed Federal Reserve rate hike bets. Oil traded around $83 a barrel with a deal to reopen the Strait of Hormuz remaining elusive. Iran's Foreign Minister said an agreement with Oman was very close but ruled out direct US talks due to interim peace deal violations.
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