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Oil prices jump as hopes fade for quick U.S.-Iran Strait of Hormuz deal

Market News
11 Aug 2026
CNBC
View Source
Bullish
pluang ai news

Oil prices surged sharply after hopes for a swift U.S.-Iran agreement to reopen the Strait of Hormuz diminished. The Trump administration extended a shipping law suspension to boost fuel flow amid U.S. crude stockpiles hitting a four-decade low. Conflicting statements from Washington and Tehran and new demands for reparations have stalled negotiations, keeping oil prices volatile and likely to rise further. Market watchers see risks skewed to the upside due to ongoing geopolitical tensions and supply concerns.

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Tractor Supply CEO buys 15,600 shares for $501K amid 44% stock drop

Tractor Supply CEO buys 15,600 shares for $501K amid 44% stock drop

Tractor Supply's CEO, Lawton, purchased 15,600 shares of the company for $501,540 despite the stock having declined 44%. This insider buying signals confidence in the company's future prospects even as the stock price has fallen significantly. Such m...

Market News
Bullish
1 hour ago
Solana stakers to vote on cutting $1.4B future SOL issuance, testing network's economic balance.

Solana stakers to vote on cutting $1.4B future SOL issuance, testing network's economic balance.

Solana stakers will vote from August 23 to 29 on proposals to remove nearly 18.9 million SOL from future issuance, equivalent to about $1.39 billion in supply that won't be minted. The vote aims to accelerate the timeline to Solana's 1.5% inflation f...

Protocol Fundamentals
Bullish
4 hours ago
XRP holds above $1 amid whale buying and delayed CLARITY Act vote, with growing institutional interest.

XRP holds above $1 amid whale buying and delayed CLARITY Act vote, with growing institutional interest.

XRP traded steadily between $1.03 and $1.04 on August 10, 2026, maintaining a strong support level above $1.00 for over 630 days since the SEC case dismissal. The anticipated CLARITY Act vote, a potential regulatory catalyst, has been postponed to mi...

Market News
Bullish
4 hours ago
RSPH ETF narrows valuation gap with peers, may benefit from Fed rate normalization and easing inflation.

RSPH ETF narrows valuation gap with peers, may benefit from Fed rate normalization and easing inflation.

The Invesco S&P 500 Equal Weight Health Care ETF (RSPH) has reduced its valuation gap compared to market-weight healthcare peers, with expected returns now similar to the XLV ETF. RSPH's focus on mid-cap healthcare stocks could benefit more than XLV ...

Market News
Bullish
4 hours ago
Shiba Inu futures net flow spikes 3,402% but reflects minor capital shift, not major price change.

Shiba Inu futures net flow spikes 3,402% but reflects minor capital shift, not major price change.

Shiba Inu's futures net flow surged by 3,402% briefly, but this large percentage increase is due to the calculation method rather than a massive capital influx. The net inflow was about $268,670, only 0.01% of SHIB's market cap, causing little impact...

Market News
Neutral
4 hours ago
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