Wall Street stays steady at record highs as ‘coiled spring’ releases in August, with talks of deal to reopen Strait of Hormuz

Wall Street remains steady at record highs as markets rise ahead of company earnings reports. This growth coincides with discussions regarding a potential deal to reopen the Strait of Hormuz. President Trump has teased progress on this agreement, suggesting a deal could be finalized as early as Wednesday. However, national security analysts indicate that the actual likelihood of this reopening remains unclear despite the optimistic claims made by the President regarding the current diplomatic progress.