# Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz

https://mins.news/en/item/32576

- Reuters, 2026-08-26 03:40 UTC
- Economy
- Original: https://www.reuters.com/world/asia-pacific/us-oil-prices-extend-losses-hopes-iran-oman-talks-strait-hormuz-2026-08-25/?link_source=ta_bluesky_link&taid=6a8e60208f08580001b66c59

> Oil prices fell about 2% on Wednesday, extending the previous session’s losses, after Iran said it had resumed talks with neighboring Oman on managing the strategic waterway. The discussions raised fresh hopes that the Strait of Hormuz could reopen.

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