EconomyOil prices fall on hopes Strait of Hormuz could reopen
Oil prices fell to a three-week low as US officials said talks involving Iran and Oman had advanced, potentially allowing shipping through the Strait of Hormuz to resume. Donald Trump said the waterway would open “very soon” or Iran would be “hit very hard”, while Iran denied negotiating directly with the US.
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BBC News★★★★☆2026-08-04 19:00Original
Oil prices fall on hopes Strait of Hormuz could reopen
Economy