{
  "id": 556092,
  "title": "US-Iran standoff sends oil up, dents stocks",
  "url": "https://urgent.news/2026/08/11/us-iran-standoff-sends-oil-up-dents-stocks-556092",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T09:33:55.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/08/11/us-iran-standoff-sends-oil-up-dents-stocks"
  },
  "original_language": "en",
  "account": "Oil prices surged 5% in two days, reaching around US$88 a barrel, as negotiations between the United States and Iran over a peace deal stalled. The absence of progress in reopening the Strait of Hormuz added to the uncertainty. US President Donald Trump demanded Iran pay compensation for war-related casualties in a move that complicated efforts to ease tensions. Analysts describe the situation as a \"Mexican standoff,\" expecting one side to yield first. Brent crude futures have climbed to their highest level since July 31, nearly 25% higher than early July lows. The market is currently hovering between US$75 and US$95. Global stocks suffered from the geopolitical turmoil, while US Treasury yields edged higher. The European STOXX 600 and MSCI's All-World index showed slight gains, while the Nasdaq and S&P 500 futures remained flat. In a related development, Nvidia partnered with six major financial institutions to provide over US$500 billion in funding for AI infrastructure. Intel raised US$20 billion through a share sale, its first since 1971. Currency markets saw the yen weaken beyond 159 and the Australian dollar inching closer to US$0.705.",
  "summary": "With Washington and Tehran setting out complex demands for a peace deal, there is little prospect of the Strait of Hormuz reopening anytime soon.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "US-Iran standoff sends oil up, dents stocks",
        "url": "https://urgent.news/2026/08/11/us-iran-standoff-sends-oil-up-dents-stocks",
        "published": "2026-08-11T09:33:55.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Gold pauses near two-month highs as US-Iran standoff drives Oil prices higher",
        "url": "https://urgent.news/2026/08/11/gold-pauses-near-two-month-highs-as-us-iran-standoff-drives-oil",
        "published": "2026-08-11T11:25:42.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Indian rupee retreats to near two-week low as US-Iran standoff pushes oil higher",
        "url": "https://urgent.news/2026/08/11/indian-rupee-retreats-to-near-two-week-low-as-us-iran-standoff-pushes",
        "published": "2026-08-11T11:28:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}