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US Stocks Slip Near Records as Brent Rises

8/11/2026

45 3 Full Breakdown

Summary

Story summary

U.S. stock indexes stayed near record highs Tuesday while Brent crude swung amid the Iran war.
Equity benchmarks slipped—S&P 500 down 0.2%, Dow off 67 points, Nasdaq down 0.5%—as Brent settled at $88.66, up 1.1%.
Average gasoline rose to $4.01 per gallon while economists expect July inflation to ease to 3.4% from 3.5%.
The 10-year Treasury yield fell to 4.69% from 4.72%, staying above the pre-war 3.97% level.

History

Historical Context

In October 1973 OAPEC, under Saudi King Faisal, embargoed oil to the United States and other Israel supporters, slashing Middle-Eastern exports by about 70 %. The move pushed OPEC’s posted crude price from roughly $3 to nearly $12 per barrel, a four-fold rise that spiked gasoline costs and sparked a stock-market crash. The episode reshaped U.S. energy policy and still drives market vigilance.

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Story summary

U.S. stock indexes stayed near record highs Tuesday while Brent crude swung amid the Iran war.
Equity benchmarks slipped—S&P 500 down 0.2%, Dow off 67 points, Nasdaq down 0.5%—as Brent settled at $88.66, up 1.1%.
Average gasoline rose to $4.01 per gallon while economists expect July inflation to ease to 3.4% from 3.5%.
The 10-year Treasury yield fell to 4.69% from 4.72%, staying above the pre-war 3.97% level.

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