Oil holds firm amid hopes for U.S.-Iran diplomatic breakthrough
Oil prices were little changed on Wednesday after tumbling over the previous two sessions, as markets assessed diplomatic efforts to end the conflict between the United States and Iran and reopen the strategically important Strait of Hormuz.
August 05, 2026 (MLN): Oil prices were little changed on Wednesday after tumbling over the previous two sessions, as markets assessed diplomatic efforts to end the conflict between the United States and Iran and reopen the strategically important Strait of Hormuz. Currently, Brent crude futures is up, 1.92%, at $80.88 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down...