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UNBELIEVABLE: 78 | History Defined

Dollar drifts higher as traders eye Iran talks ahead of US jobs data

The dollar surged on Friday, gaining strength over the yen and euro as uncertainties regarding a peace deal in Iran heightened demand for safe-haven assets. Support for the dollar was also found in increasing Treasury yields due to expectations of forthcoming rate increases. Market participants are eagerly awaiting the U.S.

The Economic Times

Saudi Arabia, Pakistan and Turkey sign Nato-style defence pact amid deadly Houthi strikes in Yemen

Mecca joint defence agreement says an attack on one country will be deemed an attack on all

The Guardian - UK

Trump's Iran dilemma: He's stuck in war with no exit in sight

President Trump faces difficult choices in the ongoing Iran conflict. He is caught between granting Iran control of the Strait of Hormuz or escalating military actions. Further airstrikes risk political backlash before the upcoming midterm elections. Maintaining the current blockade offers no clear path to ending the war. Analysts suggest…

The Economic Times

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Iran President met a 'voice in the dark', isn't sure it was Mojtaba Khamenei: Report

Iranian president Masoud Pezeshkian was reportedly taken to a secret location in Tehran and granted only a brief meeting with a man introduced as Supreme Leader Mojtaba Khamenei, according to Iran International.

The Times of India

Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s why

Oil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and imposing penalties for violations. Crude oil prices saw increases on Thursday and Friday. Analysts warn of significant price hikes if disruptions continue for months. Supply outside the conflict zone…

The Economic Times

Oil rises on concerns over Strait of Hormuz reopening plans

Oil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemplating restrictions on hostile vessels, impacting market confidence. As Brent crude futures soared to $83.48 a barrel and WTI futures hit $78.84, skepticism grows regarding the restoration of standard…

The Economic Times

'War to end pretty soon': Trump says Iran 'can't go much longer,' optimistic about Strait of Hormuz talks

President Trump believes the Iran conflict will end soon and stated the nation cannot continue. He expressed optimism regarding negotiations concerning the Strait of Hormuz trade route. The United States remains committed to preventing Iran from acquiring nuclear weapons. Iran's defense minister conveyed readiness to respond decisively to any threats.…

The Economic Times

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Iran weighs fines up to 20%, vessel ban for ‘hostile’ ships in Hormuz

Iran's parliament is reviewing a bill to restrict hostile vessels in the Strait of Hormuz. Violators could face significant fines on their cargo value under the proposed legislation. Talks with Oman are progressing to manage shipping through the strategic waterway. Oil prices have risen amid uncertainty over the strait's reopening.…

The Economic Times

'It will end pretty soon': Trump hints at peace in US-Iran war; Tehran mocks 'theatre diplomacy'

Expressing confidence, US President Trump suggested that the Iran conflict is nearing its end, arguing that Tehran cannot bear its continuation. He remains hopeful about negotiations related to the Strait of Hormuz. The US is resolute in preventing Iran from developing nuclear weapons. Meanwhile, Iran's defence minister asserts that their…

The Times of India

Trump Vows to Jail 'Leakers' Behind Reports of Dwindling US Missile Stockpiles

President Trump denies reports of a US munitions shortage amid the Iran conflict, threatening jail for those leaking information. The White House and Pentagon also reject claims of depleted stockpiles.

International Business Times UK

Stocks Settle Lower as Middle East Tensions Rise

The S&P 500 Index ($SPX ) (SPY ) closed down -0.18% on Thursday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.39%. September E-mini S&P futures (ESU26 ) fell -0.18%, and September E-mini Nasdaq futures...

Barchart

Stocks Fall And Oil Jumps As Investors Assess Negotiations To Reopen The Hormuz Strait

Stocks fell and oil rose on Thursday as investors assess negotiations to reopen the Strait of Hormuz.

International Business Times

US stocks: Dow, S&P slip as investors eye Mideast talks, earnings

Major stock indexes closed lower on Thursday, pausing after a strong start to the week. Investors digested corporate earnings and looked for progress toward a peace deal between the U.S. and Iran. Oil prices rose, with U.S. crude settling up 2.75% at $77.29 a barrel. Data storage companies Western Digital…

The Economic Times

Houthi rebels kill dozens of Saudi-backed Yemeni government forces

At least 38 members of the Yemeni government forces were killed Thursday in drone and missile attacks carried out by Houthi rebels, according to medical sources. The Iran-backed Houthis claimed the attacks were in retaliation for what they described as a recent military buildup supported by Saudi Arabia.

France 24

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Radio France Internationale

Ceuta and Western Sahara at heart of US-Morocco rapprochement

Since late July, the United States has been increasingly signalling a move to strengthen its ties with Morocco, both economically and diplomatically. In 2020, the US backed Morocco’s autonomy plan for Western Sahara in exchange for the country normalising relations with Israel. Now, Washington appears ready to support Morocco’s claims…

Barchart

Crude Prices Finish Sharply Higher on Doubts About Strait of Hormuz Reopening

September WTI crude oil (CLU26 ) closed up +2.07 (+2.75%) on Thursday, and September RBOB gasoline (RBU26 ) closed up +0.0997 (+3.51%). Crude oil and gasoline prices settled sharply higher on Thursday amid uncertainty regarding a proposed plan by Iran and Oman to reopen the Strait of Hormuz. Also, a...

Barchart

Will Gasoline Experience Seasonal Weakness over the Coming Months?

Gasoline is a seasonal fuel, with demand rising during spring and summer and falling during fall and winter. Drivers put more miles on cars during summer, and adverse weather conditions tend to curtail driving during winter. In August 2026, the gasoline futures market is shifting toward a lower demand environment,…

The Economic Times

Proposed Hormuz passage deal not feasible for shipping industry, sources say

A proposed Iran-Oman deal for Strait of Hormuz control faces significant challenges. U.S. sanctions and restrictive insurance clauses impede workable payment mechanisms for transit. Iran seeks fees between five and seven percent of cargo value for passage. Oman discusses fees around three percent, while Washington opposes any charges. Shipping companies…

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The Economic Times

US Vice-President JD Vance says negotiations with Iran "going to be messy", "take some time"

US Vice-President JD Vance acknowledged the intricate nature of negotiations with Iran, emphasizing that they will require time to navigate. He highlighted that Washington plans to leverage military, economic, and diplomatic strategies towards achieving a positive result. Meanwhile, President Donald Trump noted significant advancements in the ongoing discussions, as Iranian…

The Independent UK

Trump makes his feelings clear about Pete Hegseth after ‘treasonous leakers’ rant over weapons stockpile

Lengthy Truth Social post about defense chief comes amid concerns that their war effort in Iran has emptied the cupboards of precision munitions

The Independent UK

A deal to reopen the Strait of Hormuz nears – but Iran now holds all the cards

THE INDEPENDENT VIEW: Editorial: We should applaud any breakthrough that lessens the risk of a global recession, but this is no victory for Donald Trump and only highlights the folly of the president’s senseless war

MarketBeat

4 Oil and Gas ETF Plays as Prices Stay Sky-High

With oil and gas prices elevated amid the Iran conflict, investors can consider ETFs like UGA, USOY, OILU, and PXJ, each offering distinct risk levels and strategies for energy exposure.

International Business Times

A Deal To Reopen The Strait Of Hormuz Appears To Be Close; But Iranian Media Says It Excludes U.S. And Israeli Ships

The deal to reopen the Strait of Hormuz would exclude American and Israeli ships from transiting, according to Iran's state outlet Fars.

The Independent UK

Tehran on brink of deal with Oman to open Hormuz that could finally pave way for Trump peace talks

Donald Trump says that talks are progressing well - but a deal on the Strait of Hormuz is at odds with US interests

The Economic Times

US is set to import most Middle East crude since Iran war began

US crude imports from the Middle East are reaching their highest levels since the Iran war began. This surge is driven by a brief Strait of Hormuz opening and Saudi oil rerouting. Saudi Arabia is sending crude through the Suez Canal to the United States. This redirection has tightened supplies…

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