Dow Jones Industrial Average Hits Record High as Oil Prices Fall

U.S. stocks surged and oil fell sharply after Treasury Secretary Scott Bessent said the U.S. could reach a deal with Iran to reopen the Strait of Hormuz “today or tomorrow.”

Aug 5, 2026 - 01:00
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Dow Jones Industrial Average Hits Record High as Oil Prices Fall
U.S. stocks surged and oil fell sharply after Treasury Secretary Scott Bessent said the U.S. could reach a deal with Iran to reopen the Strait of Hormuz “today or tomorrow.”

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