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Oil prices rise amid stalled US-Iran talks on Strait of Hormuz reopening

Market News
09 Aug 2026
CNBC
View Source
Bearish
Oil prices rise amid stalled US-Iran talks on Strait of Hormuz reopening

Oil prices increased as talks between the US and Iran to reopen the Strait of Hormuz remain stalled. Iranian officials deny direct negotiations are ongoing, while the US claims a deal is near. Iran demands compensation and sets conditions including an end to war and aggression, which the US disputes, insisting on free navigation without Iranian control. Meanwhile, risks persist with attacks by Yemen's Houthi groups affecting alternative shipping routes, keeping market uncertainty high as the conflict enters its sixth month.

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Sandisk enters the S&P 100 as Nike exits the index on the same day.

Sandisk enters the S&P 100 as Nike exits the index on the same day.

On September 21, 2026, Sandisk was added to the S&P 100 index, replacing Nike, which was removed on the same day. This change reflects shifts in market capitalization and company performance within the index. The update is significant for investors t...

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Analysts raise bullish targets for ServiceNow despite recent stock volatility.

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Several top analysts, including Cantor Fitzgerald, Guggenheim, Morgan Stanley, and BTIG Research, have raised price targets and upgraded their outlooks for ServiceNow, signaling confidence in the company's long-term growth. Despite this, the stock ha...

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Colgate-Palmolive cuts price target amid North America challenges, plans growth via premium products and brand sales.

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Market News
Neutral
2 hours ago
MillerKnoll Q3 2026 earnings expected at $0.35 EPS, $941M revenue amid mixed segment performance and tariff challenges.

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MillerKnoll is set to report Q3 2026 earnings with analysts expecting $0.35 EPS and $940.93 million in revenue. The North America Contract segment shows strength with higher prices and volumes, while the Global Retail segment struggles due to tariffs...

Company Fundamentals
Neutral
2 hours ago
Microsoft's price target raised to $440 amid strong 2026 financials, but stock trades above target at $493.78.

Microsoft's price target raised to $440 amid strong 2026 financials, but stock trades above target at $493.78.

Rothschild & Co Redburn raised Microsoft's price target from $400 to $440 following strong fiscal 2026 results, with revenue up 18% to $331.8 billion and net income rising 31% to $133.7 billion, driven by cloud and AI demand. Despite the target hike,...

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