Hormuz Deal Remains Elusive, Stocks Hold Near Record Highs | The Opening Trade 8/10/2026

Stocks traded near record highs, with Asian shares mirroring Friday’s gains on Wall Street after weak US jobs data curbed bets on Federal Reserve interest-rate hikes. Oil traded around $83 a barrel as a deal to reopen the Strait of Hormuz remained elusive. An agreement with Oman…

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