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Macro Finance

Oil Gains as Iran Deal Eludes, Asian Stocks Rise: Markets Wrap

Bloomberg Markets·August 9, 2026·1 min read

Oil prices extended gains on Monday as Iran rejected talks with the US, keeping a deal to reopen the Strait of Hormuz elusive. Asian stocks rose amid the geopolitical tensions. The developments pushed crude higher in early trading, with markets monitoring diplomatic efforts closely. Investors weighed supply risks against broader economic signals from the region.

Read at Bloomberg Markets
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