Wall Street ends down as US-Iran peace optimism fades
By Noel Randewich and Purvi
Agarwal
Tue August 11, 2026
For the second day after new proposals to end the war have utterly failed, the market took a dive straight down, this time much more seriously than yesterday. As Iran said, “The Strait of Hormuz will remain closed until the U.S. accepts Iran’s conditions to end the war.” As of this past weekend, those conditions now include the U.S. paying restitution for all the damage done to Iran. As reported yesterday, Trump has countered that by demanding Iran pay restitution for every American lost in the attacks by Iran.