US stock market hits record high amid hopes for Strait of Hormuz reopening
Oil prices fall as US officials tout progress in talks to reopen critical waterway.

Oil prices fall as US officials tout progress in talks to reopen critical waterway.

![Members of the U.S. Secret Service watch before Marine One with President Donald Trump aboard, lands near Trump National Golf Club Los Angeles, Tuesday, Aug. 4, 2026, in Rancho Palos Verdes, California [Photo: Mark Schiefelbein/AP]](/wp-content/uploads/2026/08/ap_6a728242d7438-1785889346.jpg?resize=770%2C513&quality=80)



![People walk across a mud covered road following heavy rain in Nawalapitiya, Sri Lanka, Tuesday, Aug. 4, 2026 [Photo: AP]](/wp-content/uploads/2026/08/ap_6a7265f52fc3f-1785882101.jpg?resize=770%2C513&quality=80)



The figure offers a glimpse of how much taxpayer money will be spent on a deployment that has been widely criticised.
Negotiators are working to expand safe shipping through the strait, though key differences remain unresolved.
A US federal appeals court says EPA likely acted unlawfully in trying to cancel Biden-era clean energy grants.

Rapidly spreading blazes are scorching the continent.
Thousands gather for mass funeral of 112 members of Abu Shreia and al-Hassaina families killed in 2023 Israeli attack.
Excavation work continues as officials believe that there could be people buried dating back to the Kosovo war.
More than 45 vessels have been affected by the strike at Argentinian ports.
Charity warns that shrinking humanitarian support could threaten efforts to support communities trying to rebuild lives.
Apple said its review found the content had violated guidelines prohibiting child sexual abuse material.
The White House confirmed Tuesday’s meeting to address advanced model safety amid recent high-profile hacking incidents.