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US stock markets today (May 6, 2026): Wall Street rallies to record highs, crude oil tumbles on Strait of Hormuz reopening hopes

US stock markets surged on Wednesday while oil prices plunged sharply as investors bet on a possible breakthrough in US-Iran negotiations that could reopen the Strait of Hormuz and restore global crude supplies, AP reported.The S&P 500 climbed 0.8 per cent and headed towards another record close. The Dow Jones Industrial Average rose 487 points,…

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PM Modi conferred with Indonesia’s highest honour during his 2-day state visit | India News

The Bintang Republik Indonesia Adipurna, commonly referred to as the Bintang Adipurna, is Indonesia’s highest state honour. NEW DELHI: Prime Minister Narendra Modi Tuesday was conferred with Indonesia’s highest honour during his two-day visit to the archipelago nation.Indonesian president Prabowo Subianto conferred the nation’s highest honour ‘Bintang Adipurna of the Republic of Indonesia’ medal of…

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Wall Street and crypto are merging again as OKX rolls out traditional oil benchmarks

Intercontinental Exchange Inc. (ICE), owner of the New York Stock Exchange, and OKX announced Friday that they are joining forces to roll out perpetual oil futures. In a joint statement, the firms’ said ICE’s futures prices for Brent crude and West Texas Intermediate (WTI) will bolster the new perpetual contracts on OKX. The new perpetual…

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