August 3, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Falling Oil

Please click here for a chart of oil ETF (USO).

Note the following:

• Understanding the moves in oil are very important because they have been directly impacting bonds and moves in bonds in turn have been impacting the stock market.
• The chart shows the run up in oil when Iran war fear was at its peak.
• The chart shows a significant drop in oil when the U.S. and Iran started negotiating.
• The chart shows a low in oil on optimism about Iran after a Memorandum of Understanding (MoU) was signed.