BlockBeats reported on Aug. 4 that U.S. President Donald Trump said a new proposal sent to Iran was its “last chance.” Trump said he had previously canceled plans for a large-scale military strike on Iran to leave room for a diplomatic solution, and added that he was willing to give Tehran one more opportunity before taking further action, with clarity expected within one or two days.
Trump said U.S.-Iran talks had already begun. He described the first phase as discussions on reopening the Strait of Hormuz, with a second phase covering Iran’s denuclearization. He also said the strait could reopen as early as the next day, while warning that the U.S. blockade on Iran would continue if the two sides failed to reach an agreement or if Iran did not “fully surrender.”
Iran’s Foreign Ministry disputed that account, saying it was not in talks with the United States. According to the ministry, current discussions with Oman only concern temporary shipping lane arrangements to ensure the safe passage of vessels, rather than a full reopening of the Strait of Hormuz.
Oil falls and U.S. stocks extend gains
On expectations that Washington and Tehran could resume contact, Brent crude fell nearly 6% on Monday, according to Bitget data.
U.S. stocks extended the rebound from last Thursday and Friday, according to market data from BIT (bit.com). By Monday’s close, the Dow Jones Industrial Average had risen 1.3% to a record closing high. The S&P 500 added 1.48%, and the Nasdaq climbed 2.1%.
Tech, chips and optical communications shares lead
Large-cap technology stocks were among the strongest movers. Microsoft (MSFT) and Google (GOOG) each rose nearly 5%, while Meta (META) gained 6%. Amazon advanced 4.6%, taking its market capitalization above $3 trillion for the first time.
Most semiconductor names also finished higher. Marvell Technology (MRVL) rose 3.33%, Nvidia (NVDA) gained 2.94%, Qualcomm (QCOM) added 2.71%, Applied Materials (AMAT) rose 2.05%, AMD (AMD) advanced 1.75%, and ASML (ASML) was up 0.82%.
Optical communications stocks posted broad gains. Applied Optoelectronics (AAOI) jumped 16.88%, Coherent (COHR) rose 9.72%, Lumentum (LITE) gained 9.19%, Corning (GLW) added 6.09%, Credo (CRDO) rose 5.47%, Ciena (CIEN) advanced 3.64%, and Astera Labs (ALAB) climbed 3.12%.
Storage stocks were mixed. SanDisk (SNDK) rose 6.09% and Micron Technology (MU) gained 0.74%, while Western Digital (WDC) fell 3.18%, Seagate Technology (STX) lost 2.89%, and SK Hynix (SKHY) slipped 0.72%.