Shafaqna English– Following a remarkable technology stock rally largely fueled by Nvidia’s stellar performance, Asian markets entered a phase of caution on Friday(28 Aug 2026). All eyes are now fixed on the upcoming speech by the Federal Reserve chair, as any hint of a shift in interest rate policy could trigger a wave of volatility across currency and bond markets.
A new agreement between Iran and Oman regarding the administration of traffic in the strategic Strait of Hormuz and the distribution of its financial proceeds has exerted downward pressure on oil prices. In contrast, Washington has demonstrated its reluctance to revive direct dialogue with Tehran. Brent crude fell 0.1% to $89.63 and is on the verge of a weekly decline of more than 5%.
Source: Reuters