Oil prices rise, Asia stocks drift amid US-Iran stalemate

SINGAPORE: Oil prices rose on Tuesday (Aug 11) as negotiations between the US and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook.US President Donald Trump on Monday responded to Iran's conditions for

Oil prices rise, Asia stocks drift amid US-Iran stalemate  Reuters

Canada’s main stock index climbed on Monday, helped by gains in the energy sector, while U.S. markets were negative.

The U.S. stock market slipped below its all-time high, while oil prices rose on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going again

US stocks drift near their records as oil prices rise  AP News

US stocks drift near their records as oil prices rise  Toronto Star

Hopes were dashed over the weekend for a breakthrough on the Strait of Hormuz.

This week, Dalal Street will closely observe global geopolitical shifts and local economic data. Investors will pay attention to fluctuations in crude oil prices and news from the Strait of Hormuz. In addition, important domestic inflation figures and updates on foreign exchange reserves are on the horizon. The Q1 FY27