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Global Market Today: Asian stocks advance on Hormuz deal hopes

Economic Times 2 hrs ago·5 Aug 2026, 1:04 am

Asian stocks are set to track Wall Street higher as optimism grows. Prospects for an interim deal with Iran eased energy supply concerns significantly. This development has led to a slide in oil prices and reduced inflation pressures. Investors are now watching for further progress on reopening the Strait of Hormuz. This situation may strengthen the case for the Federal Reserve to keep interest rates unchanged.

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Summary & analysis by DocStoX. Full story at Economic Times.

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