Oil prices fall on hopes Strait of Hormuz could reopen

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.

Aug 4, 2026 - 22:02
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Oil prices fall on hopes Strait of Hormuz could reopen
Oil prices fall on hopes Strait of Hormuz could reopen

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.

Originally reported by BBC World

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