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Hormuz talks aim for deal; markets hit record highs

8/5/2026

24 2 Full Breakdown

Summary

Story summary

Secretary of State Marco Rubio and Treasury Secretary Scott Bessent said talks on the Strait of Hormuz could produce a deal by Tuesday or Wednesday.
Brent rose to $79.98 per barrel while the S&P 500 and Dow hit record highs of 7,700 and 54,085.88.
Only nine vessels crossed the strait on Sunday, below the average of about 130 daily, while U.S. forces have helped more than 1,000 vessels in three months.

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Story summary

Secretary of State Marco Rubio and Treasury Secretary Scott Bessent said talks on the Strait of Hormuz could produce a deal by Tuesday or Wednesday.
Brent rose to $79.98 per barrel while the S&P 500 and Dow hit record highs of 7,700 and 54,085.88.
Only nine vessels crossed the strait on Sunday, below the average of about 130 daily, while U.S. forces have helped more than 1,000 vessels in three months.