Global Markets Fluctuate Amid Wall Street Gains and Oil Surge
WHO:
AP News - Iran, U.S., Oman, Bas van Geffen (senior macro strategist for Rabobank), Treasury Secretary Scott Bessent, President Trump
CNBC - Peter Graf (investing chief at Amova Asset Management Americas)
WHAT:
AP News - Iran suggested that vessels linked to “hostile countries” would be barred from the Strait of Hormuz.
CNBC - President Trump stated that the U.S. was "only semi-negotiating" with Iran and wanted the Middle Eastern country to feel economic pressure.
ABC News - Inflation in July is forecast to have risen at a 3.4% rate, easing slightly from 3.5% in June.
ABC News - The S&P 500 rose 0.6% to 7,757.64, topping an all-time high; the Dow industrials rose 0.3% to 54,036.93, just short of the record it set on Wednesday; the Nasdaq composite rose 1.3% to 26,690.62.
ABC News - A revision to the figures for June and May involved slashing a combined 103,000 jobs from payrolls for those months.
AP News - U.S. markets are pointing to a mixed open with S&P futures rising 0.2% and Dow Jones Industrial Average futures falling 0.14%.
AP News - Brent crude oil gained 1.4% to $84.68 per barrel; U.S. benchmark crude advanced 1.4% to $79.30 per barrel.
CNBC - S&P 500 futures slipped about 0.2%, while Nasdaq-100 futures added 0.1% and Dow Jones Industrial Average futures shed 99 points, or 0.2%.
CNBC - WTI crude oil rose 1% to just above $79 a barrel.
CNBC - The S&P 500 finished last week at an all-time closing record.
WHERE:
AP News - Strait of Hormuz
CNBC - New York Stock Exchange, Japan, Asia, Australia
WHEN:
AP News - The Labor Department is set to release its consumer price index on Wednesday; July data on producer prices will be posted on Thursday.
CNBC - Fed funds futures traders price in a roughly 44% likelihood that the Federal Reserve raises rates at its September meeting.
WHY:
AP News - Iran insists that the U.S. meet its demands in negotiations before the Strait of Hormuz reopens.
CNBC - Investor optimism about a U.S.-Iran agreement dimmed after Iran denied engaging in direct negotiations with the U.S.
HOW:
ABC News - A weaker jobs market raised hopes the Federal Reserve might wait longer before raising interest rates to fight inflation.
AP News - Negotiators indicated that a deal to establish a safe shipping route was close, but Iran may be exploring how much it can extract from the U.S. in return.
CNBC - Stocks received a boost after the July nonfarm payrolls report showed an unexpected contraction, raising hopes that the Federal Reserve will hold off on interest rate hikes.
(UPDATED August 10, 2026 14:21 UTC)
Iran has announced that vessels linked to what it describes as "hostile countries" will be barred from the Strait of Hormuz. In related news, President Trump mentioned that the U.S. is "only semi-negotiating" with Iran, aiming to increase economic pressure on the nation. Meanwhile, inflation in July is expected to rise at a rate of 3.4%, slightly easing from June's 3.5%, as the S&P 500 reached an all-time high of 7,757.64 and the Dow industrials approached its record with a rise to 54,036.93.
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(UPDATED August 10, 2026 13:23 UTC)
U.S. markets are showing a mixed opening, with S&P futures rising slightly by 0.2% while Dow Jones Industrial Average futures are down by 0.14%. Brent crude oil has increased by 1.4% to $84.68 per barrel, and WTI crude is just above $79 after a 1% rise. Meanwhile, the Labor Department is expected to release its consumer price index on Wednesday, and investor optimism regarding a U.S.-Iran agreement has dimmed following Iran's denial of direct negotiations.