EconomyOil Holds Three-Day Decline After Iran and Oman Reach Hormuz Agreement
Oil prices moved between modest gains and losses after Iran said it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz. Traders are weighing whether the arrangement could ease energy flows. The market reaction came as oil extended a three-day decline. Attention remains focused on the prospects for smoother passage through the strategic waterway.
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Bloomberg News★★★★☆2026-08-06 07:30Original
Oil Holds Three-Day Decline After Iran and Oman Reach Hormuz Agreement
Economy