OFF THE WIRE

Aug 10 (Reuters) - President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between U.S. ports, but imposed new limits after shipbuilders and their allies in Congress argued the policy was undermining the domestic ​maritime industry, the White House said.

NEW YORK, Aug 10 (Reuters) - The U.S. dollar gained on Monday as oil prices increased ahead of ‌Wednesday's closely watched consumer price inflation report for July, after a much weaker-than-expected jobs report on Friday cast doubt on the likelihood of a near-term Federal Reserve rate hike.

Aug 10 (Reuters) - U.S. stocks edged lower in afternoon trading on Monday as hopes for ​an imminent deal to reopen the Strait of Hormuz faded and as Intel shares fell.U.S. President Donald ‌Trump demanded that Iran pay compensation for the people he said it had killed in wars, attacks and protests.U.S. crude oil jumped about 5% to settle at $82.13 a barrel. Easing energy flows through the Strait could mitigate concerns over heightened oil prices that have spurred inflation worries and bets ​on interest rate hikes by central banks worldwide.

NEW YORK/LONDON, Aug 10 (Reuters) - Wall Street indexes retreated and oil prices rallied over 4% on Monday, with markets focused on ​the outlook for Federal Reserve interest rates and on a potential deal between the U.S. and Iran to reopen the Strait of ‌Hormuz.Iran insisted that the United States must satisfy several demands before the Strait can reopen, fueling uncertainty.Gold drifted toward a seven-week high as inflation data loomed.

Aug 10 (Reuters) - The chances that the U.S. crypto industry will win once-in-a-generation digital asset legislation are dimming, despite Senate Republicans promising to advance the bill when lawmakers return to Capitol Hill next month.In a blow for ​the crypto industry, the Senate left Washington on Saturday for the five-week August recess without a much-anticipated vote on the Clarity Act, which would create a regulatory framework for digital ‌assets.