# Oil Holds Three-Day Decline After Iran and Oman Reach Hormuz Agreement

https://mins.news/en/item/14852

- Bloomberg News, 2026-08-06 07:30 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-08-05/latest-oil-market-news-and-analysis-for-aug-6?link_source=ta_bluesky_link&taid=6a74380316de0200012b6858

> 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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