Published Aug 26, 2026, 3:04 AM ET · Updated 3 months ago · 1 source
Oil prices decline due to Strait of Hormuz negotiations
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Original Report
Oil prices have fallen more than 8% this week, with Brent crude futures trading at $86.68, attributed in part to ongoing negotiations between Iran and Oman concerning an interim framework to resume shipping through the Strait of Hormuz.