World

Oil Prices Fall on Strait of Hormuz Talks

Updated 2026-08-04 15:25 UTC 1 source Neutral

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
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