Oil Holds Firm After Sharp Drop as Traders Watch Strait of Hormuz Situation
August 4, 2026, 11:18 PM EDT. Oil steadied on Wednesday after falling sharply over the previous two sessions, with traders keeping a close watch on diplomatic moves to defuse U.S.-Iran tensions and restore shipping through the key Strait of Hormuz.
Oil steadies after two-day slump as invest…
Asian Stocks Advance on Tech Rally, Oil Prices Ease
August 4, 2026, 11:17 PM EDT. Asian equities climbed on Wednesday as robust earnings and renewed tech demand lifted Wall Street to new records. Oil prices and bond yields fell, encouraged by optimism over efforts to reopen the Strait of Hormuz.
Asia shares surge on tech mood swing, oil …
