Strait of Hormuz optimism lifts US markets to record highs FAST-MOVING

Strait of Hormuz Donald Trump Dow Jones record SpaceX earnings Iran‑Oman agreement

U.S. President Donald Trump said negotiations with Iran were “very good” and that the Strait of Hormuz would be reopened “very soon,” adding that a deal could be clear within 48 hours. A draft agreement between Iran and Oman for a temporary navigation corridor through the strait was reported, raising hopes of renewed shipping.

On the trading floor, the Dow Jones Industrial Average closed at a record 54,349 points, up about 0.5%, while the S&P 500 slipped 0.2% and the Nasdaq Composite fell roughly 0.8% after SpaceX and AMD posted quarterly earnings. SpaceX reported second‑quarter revenue of $7.81 billion, a 92% year‑on‑year rise, but its shares dropped about 13% amid concerns over AI‑related spending. AMD’s revenue beat expectations yet its stock fell about 7%. Nvidia rose about 3% after Elon Musk said SpaceX would use Nvidia chips. Oil prices edged lower, with Brent around $79 a barrel, while gold rose over 4%.

The market reaction was driven by the geopolitical optimism surrounding a possible Hormuz reopening, mixed corporate results, and weaker ADP private‑sector employment data.

Entities: Advanced Micro Devices · Donald Trump · Dow Jones Industrial Average · Iran · Kazım Garibabadi · Oman · Patriot missile system · SpaceX · Strait of Hormuz · THAAD · United States

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 4 SOURCES] U.S. and Iranian officials held extensive talks on 4 August, speaking all day. (Trump said the talks were all‑day and “very good.”)
[● 4 SOURCES] The result of the Iran negotiations will be known within 48 hours. (Trump said a result would be clear within 48 hours.)
[● 2 SOURCES] A large-scale attack on Iran had been planned by the United States before negotiations were resumed. (Donald Trump)
[○ 1 SOURCE] Donald Trump cancelled the planned Iranian attack due to missile shortages and pressure from Gulf allies. (U.S. sources)
[○ 1 SOURCE] About 80 % of the U.S. THAAD missile inventory has been expended. (CSIS report cited by CNN)
[○ 1 SOURCE] Before the conflict, the United States had 2,200 Patriot missiles and 452 THAAD missiles. (CSIS data)
[● 4 SOURCES] The Strait of Hormuz could be opened soon or Iran could be hit hard. (Trump said the Strait of Hormuz would be opened very soon and warned of a heavy strike if Iran backs out.)
[○ 1 SOURCE] Roughly half of the U.S. Patriot missile inventory has been used. (CSIS report cited by CNN)
[● 2 SOURCES] Trump said the result of the Iran negotiations would be known within 48 hours. (Donald Trump)
[○ 1 SOURCE] Trump cancelled the planned Iranian attack due to missile shortages and pressure from Gulf allies. (U.S. officials)
[○ 1 SOURCE] Roughly half of the U.S. Patriot missile inventory has been used in the Iran conflict. (CSIS report cited by CNN)
[● 2 SOURCES] U.S. and Iranian officials held extensive talks on 4 August. (Donald Trump)