EconomyOil Holds Two-Day Drop on Signs of Progress Toward Hormuz Deal
Oil prices extended their decline for a third consecutive day as signs of progress raised optimism that an agreement could reopen the Strait of Hormuz. Such a deal could release supplies currently held up in the Persian Gulf. The market is focusing on whether negotiations can restore passage through the strategic waterway. The move follows two days of earlier losses.
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Bloomberg News★★★★☆2026-08-05 03:00Original
Oil Holds Two-Day Drop on Signs of Progress Toward Hormuz Deal
Economy