International oil prices are rising amid ongoing uncertainty regarding the reopening of the Hormuz Strait. U.S. stock index futures are fluctuating as investors remain cautious about the situation in the Middle East and the upcoming release of key inflation indicators this week.
According to reports from U.S. economic and financial media, including MarketWatch, as of 8:23 a.m. Korean time on August 10, October Brent crude futures rose by 0.90% to $84.30 per barrel. Meanwhile, September West Texas Intermediate (WTI) futures increased by 0.70% to $78.73 per barrel.
Iran has announced that it is in the final stages of an agreement with Oman to establish new shipping routes. However, the U.S. has demanded additional conditions, leaving the reopening of the Hormuz Strait still uncertain.
This uncertainty surrounding the Hormuz Strait is also weighing on the U.S. stock market. As of 8:22 a.m. Korean time, Dow Jones Industrial Average futures fell by 0.20%, and S&P 500 futures were down by 0.10%. In contrast, Nasdaq 100 futures saw a slight increase of 0.10%.
MarketWatch reported that investors are closely monitoring the situation in the Middle East, as well as key U.S. inflation indicators set to be released on August 12 and 13, which will include the Consumer Price Index (CPI) and Producer Price Index (PPI) for July.
* This article has been translated by AI.
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