# Oil prices fall on hopes Strait of Hormuz could reopen

https://mins.news/en/item/12904

- BBC News, 2026-08-04 14:58 UTC
- World
- Original: https://www.bbc.co.uk/news/articles/cpw9v0gnzxwo?at_medium=RSS&at_campaign=rss

> Oil prices declined as hopes grew that the Strait of Hormuz might reopen. US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent each said talks had advanced. The discussions are aimed at enabling shipments to resume. Their announcements helped strengthen expectations of renewed passage through the strategic waterway.

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