September S&P 500 E-Mini futures (ESU26) are down -0.07% this morning as investors refrain from making big bets ahead of Nvidia’s earnings and the July reading of the Federal Reserve’s preferred inflation gauge.
The price of WTI crude fell over -2% on Wednesday, extending its decline for a third straight day, after Iran and Oman discussed measures to temporarily reopen the Strait of Hormuz. Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed a proposal to establish a “temporary joint maritime corridor,” according to a statement published by the Oman News Agency. Talks between the two countries will continue “with a view to agreeing on a permanent navigational corridor and future administration of the strait,” the statement added.
