Patriot Watch
We watch. You know first.
Corroborated Economy
By the Patriot Watch Desk
Published August 4, 2026 at 8:30 AM ET · Updated August 4, 2026 at 10:06 AM ET

Futures hit record high as oil tumbles on Hormuz reopen hopes

2 independent outlets are covering this story, first reported here by ZeroHedge. Verification: Corroborated (how we verify). Every headline links to the original reporting.

Read the story at New York Post →

What we know

US stock futures reached a record high as oil prices fell after Treasury Secretary Bessent said the US may have a deal with Iran to reopen the Strait of Hormuz. The prospect of reopened shipping lanes through the strait drove the market rally.

Patriot Watch first flagged this story 2 hr ago, when ZeroHedge reported it. Coverage has since grown to 2 independent outlets. The most recent report came 1 hr ago from New York Post.

Conservative & independent coverage (2)

New York Post 1 hr ago
US may have deal with Iran to reopen Strait of Hormuz ‘today or tomorrow’, Bessent says
ZeroHedge 2 hr ago
Futures Hit Record High As Oil Tumbles After Bessent Says Hormuz May "Reopen Tomorrow"

Coverage timeline

Aug 4, 8:30 AM ET
2 hr ago
ZeroHedge
Futures Hit Record High As Oil Tumbles After Bessent Says Hormuz May "Reopen Tomorrow"
Aug 4, 9:43 AM ET
1 hr ago
New York Post
US may have deal with Iran to reopen Strait of Hormuz ‘today or tomorrow’, Bessent says
More on: EconomyEnergyIran
Sponsored
True Shot Ammo

More Economy coverage

Caterpillar sales top $20 billion for first time on AI data center boom
Economy · 2 outlets · 1 hr ago
Treasury's Bessent presses Fed to support Japanese currency
Economy · 2 outlets · 1 hr ago
Twenty-five states sue Trump administration over global tariffs
Economy · 2 outlets · 5 hr ago
Twenty-five states sue to block President Trump's Section 301 tariffs
Economy · 2 outlets · 9 hr ago
Trump demands oil companies lower gas prices for consumers
Economy · 2 outlets · 9 hr ago
Legal challenges mount against Trump's Section 338 tariffs on Canada
Economy · 2 outlets · 13 hr ago
The Patriot Watch Daily Brief

Every morning. The stories that matter, first — straight to your inbox. Free.

© 2026 Patriot Watch · Every headline links to the original reporting