World
Oil Prices Fall on Strait of Hormuz Talks
US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent announced progress in talks aimed at reopening the Strait of Hormuz, leading to a drop in oil prices.
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BBC News
US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.
2026-08-04 14:58 UTC