EconomyOil steadies after two-day slump as investors eye Hormuz traffic
Oil prices stabilized on Wednesday after plunging sharply over the previous two trading sessions. Investors are watching whether efforts to end the U.S.-Iran war are advancing. They are also looking for signs that traffic through the blockaded Strait of Hormuz could be restored. The potential reopening of the key route remains central to market attention.
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Reuters★★★★☆2026-08-05 02:40Original
Oil steadies after two-day slump as investors eye Hormuz traffic
Economy