Wall Street ends lower as Hormuz uncertainty sends oil prices higher; Intel falls 4%

The US stocks ended in red on Monday, August 10, amid uncertainty over the Iran deal to reopen the Strait of Hormuz and rising oil prices.

The Dow Jones Industrial Average settled 0.11% lower at 53,975.98, while the S&P 500 fell 0.06% to 7,753.11. The NASDAQ Composite closed the session 0.32% lower at 26,605.36.

Shares of Intel fell 4% to $97.52 apiece after the company said that it intends to raise $15 billion via share sale. Apple shares fell 1.53%, while Nvidia lost 2.86%.

SpaceX shares settled 4.23% higher at $138.74, above its IPO price of $135. The stock of Berkshire Hathaway advanced 1.68% to $529.42.

Brent Crude, the international standard, rose 0.20% to $87.90 per barrel. West Texas Intermediate advanced 0.28% to $82.36 a barrel.

Taking to Truth Social, US President Donald Trump countered Iran's demand for compensation for damages endured during the war. He asked Tehran to first provide compensation for all the people they have killed and wounded.

"I see that Representatives of the Islamic Republic of Iran are asking for compensation for the damage done to them during the last five month Military Conflict (started because, THEY WILL NOT HAVE A NUCLEAR WEAPON), even though it was never mentioned in any of our negotiations or meetings! But it is an interesting idea because now I am likewise demanding compensation from Iran, for all of the people that they have killed and gravely wounded with their roadside bombs and many conflicts, for which they are famous, as led initially by General Soleimani, including the families of those killed on the USS Cole, and thousands of others killed in combat," he said.

"Additionally, compensation should be paid to the families of the hundreds of thousands of innocent protestors that Iran has killed over the last 50 years, not to mention the 52,000 that have been killed in the last five months. I have instructed my representatives to put this firmly into any, and all, future negotiations," he added.

The US President also held Iran responsible for the damages and casualties in Lebanon, Syria, Yemen and Gaza.