Tech stocks decline amid Iran talks
The U.S. stock indices experienced a decline due to a drop in technology shares and tensions surrounding the Strait of Hormuz, as data showed an increase in disruptions to oil flows through the strait following Iran's threats to close it. The price of Brent crude rose to $88.91 per barrel. Market concerns were further fueled by statements from Iranian officials, while investors await July inflation data and its potential impact on U.S. interest rate decisions.
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