Now Reading: US stocks flat as Hormuz worries push oil above $80
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US stocks flat as Hormuz worries push oil above $80
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…
The Story in Brief
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.
The Indian Opinion
Every Hormuz headline is being traded as a binary, but the market's muted reaction says more: investors are learning to live with brinkmanship. The real wobble is Intel's $15 billion dilution, a reminder that cash-hungry AI bets still take tolls on shareholders. Watch whether WTI holds $80 and whether Tehran's Oman deal actually brings freedom of navigation, not just press releases. Oil at $85 tests RBI's inflation arithmetic harder than any tariff tweet.
Sources (2): ndtvprofit.com, hindustantimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
