Oil prices slip as Iran-Oman talks raise hopes for Hormuz reopening
Oil prices declined on Thursday as investors weighed reports of progress in talks between Iran and Oman that could help pave the way for a broader U.S.-Iran peace agreement and the reopening of the Strait of Hormuz, easing concerns over global energy
August 06, 2026 (MLN): Oil prices declined on Thursday as investors weighed reports of progress in talks between Iran and Oman that could help pave the way for a broader U.S.-Iran peace agreement and the reopening of the Strait of Hormuz, easing concerns over global energy supplies. Currently, Brent crude futures is up, 0.19%, at $79.60 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) cr...