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Global Stocks Rise and Oil Drops on Hormuz Hopes

Global stocks edged up and oil prices dropped as Iran and Oman discussed opening the Strait of Hormuz. Investors now await US inflation data and key earnings from Nvidia.

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Vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran, August 26, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Global equities rose 0.1% on Wednesday morning as Brent Crude Oil prices dropped nearly 3% to $85.95 per barrel. The decline followed an agreement between Iran and Oman to clear navigational corridors in the Strait of Hormuz.
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