Oil prices fall $2 on Iran-Oman talks to reopen Strait of Hormuz

Aug 26 : Oil prices fell more than $2 a barrel to a two-week low on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region. Brent crude futures fell $2.25, or 2.54 per cent, to $86.33 a barrel
2026-08-25 23:02:25