# US stocks flat as Hormuz worries push oil above $80

2026-08-10T15:53:01+00:00 | World & Diplomacy | Indian Opinion Desk

Corroboration: 1 independent outlet

US stocks opened mostly flat on Monday as investors stayed cautious over Strait of Hormuz tensions, with oil prices climbing above $80 a barrel. The S&P 500 edged up 0.1%, while the Nasdaq slipped 0.1% and the Dow fell 110 points, or 0.2%, Hindustan Times reports. Iran signalled a possible deal with Oman to ease shipping through the strait, but Tehran ruled out talks with Washington while the US continues to violate a June memorandum. President Trump told Axios the US was only 'semi-negotiating' with Iran, adding to market uncertainty. Intel's $15 billion share offering dragged its stock 4% lower, while Apple dipped after a Jefferies downgrade citing a possible cancellation of an all-glass iPhone.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/us-stock-market-today-s-p-500-sees-muted-start-as-traders-await-hormuz-clarity-intel-drags-nasdaq-in-red-11890783#publisher=newsstand>
- hindustantimes.com <https://www.hindustantimes.com/business/us-markets-today-why-did-stocks-struggle-dow-falls-as-iran-tensions-push-oil-higher-101786373092346.html>

Tags: Federal Reserve, Intel, Iran tensions, Oil prices, Strait of Hormuz, US stock market
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