Strait stakes

Reuters Morning Bid · Aug 6, 2026 · 8m

A proposed Iran deal that would give Tehrangreater control over shopping in the Strait of Hormuz is keeping oil below $80 a barrel. Gold has posted its biggest one-day gain in six months as investor reassess the outlook for inflation and interest rates. Meanwhile, Wall Street is cautious after weak chip-sector earnings and ahead of a pivotal U.S. jobs report.

Today's recommended read: US-Japan action undercuts G7's historic FX role⁠ by Mike Dolan

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