u/Onnimation ·
Reddit — r/StockMarket
· August 11, 2026 at 17:30
· ⬆ 26 pts
· 💬 18 comments
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Pakistan said on Tuesday the United States were close to "some sort" of deal, and fellow mediator Qatar said talks on managing the Strait of Hormuz were at an advanced stage, despite reports of new attacks on shipping in regional waters. The comments offered some hope that the U.S. can end a stalemate that has in effect blocked the vital waterway, through which a fifth of global oil and liquefied natural gas flowed before the war. Prospects for a deal had appeared to dim on Monday after the sides' latest remarks and demands.
Oil fell back on Tuesday after hitting a one-week high earlier in trading although it remains much higher than before the war.
Iran said on Sunday it was nearing a final pact with Oman defining new shipping lanes in the Strait of Hormuz, which runs between them, but said that in itself would not open the waterway unless the U.S. met certain conditions.
Those conditions were largely in line with a memorandum of understanding to end the conflict that was reached between Washington and Tehran in June and included compensation and an end to sanctions and military threats.
Just yesterday Iren said they won't make any deals until 2029, what kinda clown show is this? But it seems like Trump will definitely cave this time around with any sort of deal. Oil and Gold is down, seems like Leap plays is the way to go from here. Good Luck everyone
-Bloomberg/Reuters