Oil prices break through $90, Trump demands Iran to compensate
2026-08-11 04:50:59
According to CoinMeta, as oil prices broke through $90, hopes for an agreement regarding the Strait of Hormuz were dashed, leading to a decline in the U.S. stock market from its historical highs. Brent crude oil rose by more than 6%, continuing the upward trend from Monday, following Trump's demand that Iran pay compensation for those killed in the war. The S&P 500 index fell 0.1% from its historical high on Friday, with the yield on 10-year Treasury bonds at 4.70%. Market attention now turns to the CPI data on Wednesday.
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