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Oil Plunges 9% as Trump Sets Monday Talks to Reopen Hormuz
FG
FOMOGRAM Editorial Desk
Aug 2, 2026
EXECUTIVE SUMMARY
Oil dropped 9% after Trump said Iran talks to reopen the Strait of Hormuz begin Monday, again delaying a threatened strike.
Oil dropped 9% after Trump said Iran talks to reopen the Strait of Hormuz begin Monday, again delaying a threatened strike.
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