EconomyOil rises as uncertainty clouds Hormuz reopening
Oil prices moved higher on Monday as uncertainty persisted over whether the Strait of Hormuz would reopen soon. Iran said an agreement with Oman to establish new shipping lanes was nearing completion. Tehran nevertheless maintained that the United States must satisfy additional conditions. The timing of any reopening therefore remains unclear, keeping attention focused on the potential disruption to oil transport through the strait.
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Reuters★★★★☆2026-08-10 02:40Original
Oil rises as uncertainty clouds Hormuz reopening
Economy