BUSINESSAug 5 · 02:09 UTCAL JAZEERA

US stock market hits record high amid hopes for Strait of Hormuz reopening

The US stock market reached a record high due to optimism about the Strait of Hormuz reopening. Oil prices declined as US officials reported progress in negotiations to restore the critical shipping route.

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US Stock MarkettopicStrait of Hormuzplaceoil pricestopicU.S. officialsorganization

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