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Oil Prices Decline Following Bessent's Announcement of Imminent Strait of Hormuz Reopening Deal
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FOMOGRAM Editorial Desk
Aug 4, 2026
EXECUTIVE SUMMARY
Brent crude oil prices have decreased by 4% as negotiators from Iran and Oman reach a temporary agreement for shipping operations through the strategic waterway.
Brent crude oil prices have decreased by 4% as negotiators from Iran and Oman reach a temporary agreement for shipping operations through the strategic waterway.
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