market-analysis

Oman-Iran plan raises hopes of Hormuz reopening as oil falls

By CityCalc Newsroom · Wed Aug 26 2026 · Source: AGBI

Oil prices fell in early trading on Wednesday morning after Oman and Iran announced plans to establish a temporary joint maritime corridor and clear mines in the Strait of Hormuz. Brent crude futures fell 2.5 percent to $86.39, while US West Texas Intermediate crude futures decl…

Oil prices fell in early trading on Wednesday morning after Oman and Iran announced plans to establish a temporary joint maritime corridor and clear mines in the Strait of Hormuz. Brent crude futures fell 2.5 percent to $86.39, while US West Texas Intermediate crude futures decl…

Curated by CityCalc from AGBI. Read the full article at the source.

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