S2E500: Mideast truce shakes Wall St. highs: Hormuz hit sends oil, safe-haven dollar soaring

Market news for May 5, 2026: Mideast peace hopes fade after Hormuz explosion, pulling Wall Street back from peak records. The resulting oil price surge on Gulf tensions boosts the safe-haven dollar.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written by: Howie Lim (howielim@sph.com.sg)

Produced and edited by: Chai Pei Chieh & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

Produced with AI text-to-speech capabilities

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