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Oil prices fall $2 on Iran-Oman talks to reopen Strait of Hormuz

The Globe and Mail · August 26, 2026 at 4:49 a.m.

Oil prices fall $2 on Iran-Oman talks to reopen Strait of Hormuz

Oil prices fell more than US$2 a barrel to a two-week low on Wednesday as talks between Iran ‌and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region.

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Oil prices fall $2 on Iran-Oman talks to reopen Strait of Hormuz

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