Dow Jones Top Markets Headlines at 3 AM ET: Oil Rises Amid Growing Doubts That Strait of Hormuz Can Reopen Soon | Private ...

Oil prices rose as doubts grew about whether the Strait of Hormuz can reopen soon, renewing concerns about potential supply disruptions in the Middle East. The report also highlighted rising stress in private credit, where default rates are reaching recent highs and internal reviews suggest tougher conditions ahead, despite an upbeat industry tone. On equities, more stocks are beating the S&P 500 than at any time since 2022, and blockbuster results from the largest U.S. companies helped extend a record run by easing worries about AI spending and inflation. The piece also noted Iran’s demands for a U.S. withdrawal tied to reopening Hormuz, plus separate updates including mixed China inflation data and a U.S. jobs miss: 23,000 jobs lost in July.