Oil prices reverse gains in Strait of Hormuz standoff as Wall Street inches up ahead of inflation numbers

Futures ticked up for the S&P 500 as investors await Wednesday's July inflation report, expected to ease slightly to 3.4% from 3.5%.

Wall Street is modestly lower in premarket trading and oil prices settled despite lingering uncertainty about when the Strait of Hormuz will reopen to the global flow of oil again.

Wall Street was modestly lower in premarket trading and oil prices settled despite lingering uncertainty about when the Strait of Hormuz will reopen to the global flow of oil again

Oil prices settle, Wall Street inches higher ahead of new inflation numbers due this week  AP News

South Korean stocks ended higher for the second straight session on Tuesday as investors scooped up major chipmakers on bargain-hunting. The Korean won gained ground against the US dollar. The benchmark Korea Composite Stock Price Index rose 45.87 points, or 0.73 percent, to close at 6,345.53. After opening 0.95 percen

Uncle Sam needs inflation, not just economic growth, to escape today’s debt crisis.

Oil prices jump, Wall Street under pressure with Hormuz, inflation in focus  Reuters

Treasury Yields Rise as Wall Street Expects Stable Inflation Data  wsj.com

Asian shares are mixed after gains on Wall Street, while oil prices climb  Toronto Star