Oil extends gains and stocks fall on fresh Hormuz worries
myrepublica.nagariknetwork.com · Fri Aug 07 06:15:28 GMT 2026
HONG KONG, Aug 7: Oil prices extended gains and stocks fell further on Friday amid fading optimism over a deal to reopen the Strait of Hormuz, as reports said Iran was planning to block US and Israeli ships from the waterway as part of a deal with Oman.
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