Oil Slips With Fresh Iran Deal Hopes, Hormuz Watch Back in Focus

Oil prices slid about 4% Wednesday as Iranian state TV reported it had seen a draft U.S.-Iran deal aimed at ending fighting and reopening the Strait of Hormuz. Global benchmark Brent dropped $3.94 to $95.59 a barrel at 12:36 GMT. U.S. WTI crude was down $3.97 at $88.91.

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US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong Buy

NVIDIA

94/100
#2 Strong Buy

Meta Platforms

89/100
#3 Buy

Alphabet

87/100
#4 Buy

Amazon

84/100
#5 Selective Buy

Microsoft

80/100
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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Times and estimates may change. Verify before trading.