--- title: "Strait of Hormuz reopening talks send S&P 500 to $70 trillion record" publication: "MediaBias News" url: "https://mediabias.news/business/strait-of-hormuz-reopening-talks-send-sp-500-to-70-trillion-record" api: "https://mediabias.news/api/v1/stories/strait-of-hormuz-reopening-talks-send-sp-500-to-70-trillion-record" markdown: "https://mediabias.news/business/strait-of-hormuz-reopening-talks-send-sp-500-to-70-trillion-record.md" audio: "https://mediabias.news/api/audio/strait-of-hormuz-reopening-talks-send-sp-500-to-70-trillion-record" category: "Business & Economy" area: "Middle East" published: "2026-08-04T23:25:25.455Z" source_reported: "2026-08-04T16:38:54.000Z" updated: "2026-08-04T23:25:25.455Z" trust_score: 42 critic_score: 55 hype_score: 65 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" --- # Strait of Hormuz reopening talks send S&P 500 to $70 trillion record *US officials suggest oil traffic could resume within days as Bitcoin holds near $64,000* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 42 of 100, higher is better. Only one outlet, no named sources beyond Bessent and Trump. - Craft 55 of 100, higher is better. No affected parties or opponents quoted, weak separation of fact/comment. - Hype 65 of 100, lower is better. Headline overstates substance; claims all-time highs without context. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - US Treasury Secretary Scott Bessent said on 4 August 2026 that the Strait of Hormuz could reopen to oil traffic as soon as 5 August, following talks between the US and Iran. - The S&P 500 index reached a record $70 trillion market capitalisation on the same day, while Bitcoin traded at $64,176 on Bitstamp. - West Texas Intermediate and Brent crude prices fell 4.8% and 4.6% respectively after the announcement, hitting their lowest levels since 13 July 2026. - Analysts cited the Hormuz reopening as a factor that could influence future Federal Reserve interest-rate decisions. The S&P 500 index reached a record $70 trillion market capitalisation on 4 August 2026 after US officials suggested the Strait of Hormuz could reopen to oil traffic within days. US Treasury Secretary Scott Bessent told CNBC there was a chance of a deal to reopen the waterway on 5 August, following ongoing talks between the US and Iran. President Donald Trump confirmed the dialogue on 3 August, saying the reopening could happen as soon as the next day. Oil prices fell sharply after the announcement. West Texas Intermediate and Brent crude dropped 4.8% and 4.6% respectively, reaching their lowest levels since 13 July. Bitcoin traded at $64,176 on Bitstamp, remaining within a narrow range bounded by its 21-day and 50-day simple moving averages. Onchain data showed strong accumulation, with 0.7% of Bitcoin’s supply held by investors with a cost basis between $62,000 and $65,000. ## What the coverage left out No left- or right-rated outlet ran this story. The omission is a finding: the event was covered only by the centre-rated Cointelegraph. **Coverage watch:** unwatched. Checked 0 times; 0 checks found a material change. ## How the sides framed it ### Left No separate framing summary. ### Centre - Cointelegraph led its report with the S&P 500’s record $70 trillion market capitalisation, linking the milestone to optimism over the Strait of Hormuz reopening. It quoted US Treasury Secretary Scott Bessent’s timeline for the waterway’s reopening and President Donald Trump’s confirmation of the dialogue. The report included the percentage drops in WTI and Brent crude prices and the exact Bitcoin trading price on Bitstamp. - The article highlighted the role of the Hormuz reopening in shaping market sentiment, particularly its potential influence on Federal Reserve interest-rate decisions. It cited a Bloomberg macro strategist’s comment on the Fed’s reaction function and noted that markets priced in a 56.7% chance of a 0.25% rate hike in September. The report also detailed Bitcoin’s technical levels and onchain accumulation data. ### Right No separate framing summary. ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [Cointelegraph](https://cointelegraph.com/markets/bitcoin-coils-as-hormuz-reopening-time-line-sends-sp-500-to-new-record-high) — Hormuz Oil Recovery Bets Sparks New All-Time Highs For S&P 500 ## Questions **What did US officials say about the Strait of Hormuz?** US Treasury Secretary Scott Bessent said on 4 August 2026 that the Strait of Hormuz could reopen to oil traffic as soon as 5 August, following talks between the US and Iran. President Donald Trump confirmed the dialogue the previous day, suggesting the reopening could happen within 24 hours. **How did the S&P 500 perform after the announcement?** The S&P 500 index reached a record $70 trillion market capitalisation on 4 August 2026, driven by optimism over the Strait of Hormuz reopening. The index hit a new high of 7,713 points, reflecting strong market sentiment ahead of the potential resumption of oil traffic. **What happened to oil prices after the Hormuz announcement?** West Texas Intermediate and Brent crude prices fell 4.8% and 4.6% respectively on 4 August 2026, reaching their lowest levels since 13 July. The drop followed US officials’ comments suggesting the Strait of Hormuz could reopen within days, easing supply concerns. **How did Bitcoin react to the news?** Bitcoin traded at $64,176 on Bitstamp on 4 August 2026, remaining within a narrow range bounded by its 21-day and 50-day moving averages. Onchain data showed strong accumulation, with investors holding 0.7% of Bitcoin’s supply at a cost basis between $62,000 and $65,000. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/strait-of-hormuz-reopening-talks-send-sp-500-to-70-trillion-record. Please cite as: MediaBias News, "Strait of Hormuz reopening talks send S&P 500 to $70 trillion record", https://mediabias.news/business/strait-of-hormuz-reopening-talks-send-sp-500-to-70-trillion-record