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Oil prices tick up despite talks to reopen Hormuz
['Damian J. Troise']
Transport Topics
(Elke Scholiers/Bloomberg)Key Takeaways: Oil prices ticked lower amid hopes for a deal setting the stage for talks that might eventually lead to an end to the war in Iran.
NEW YORK — Stocks rose in morning trading on Wall Street on Aug. 5 and added to their records set a day earlier, while oil prices held steady.
President Donald Trump said a deal to reopen the Strait of Hormuz could come as early as Aug. 5.
Three-quarters of the companies within the S&P 500 have reported results so far and Wall Street expects profit growth of 50% when they are all finished.
CENTCOM said the Strait of Hormuz remains open, with U.S. forces… pic.twitter.com/U0fTSALAMz — Fox News (@FoxNews) August 5, 2026The Walt Disney Co. is the latest to report strong financial results for its latest quarter.