Despite spending much of the day’s trading session in negative territory, the Switzerland market’s benchmark index SMI settled marginally above the flat line on Tuesday thanks to selective buying at a few counters during the final hour.
Oil prices climbed higher after a cargo vessel was reportedly struck by an unknown projectile in the Strait of Hormuz early on Tuesday local time.
The 60-day Middle East ceasefire agreement has expired, and U.S. President Donald Trump said that he is not interested in renewing the agreement with Iran and threatened to bomb Oman if it “gets in the way” of a deal with Iran on the Strait of Hormuz.
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Swiss Market Ends Marginally Up
2026-08-18 17:43:30
