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Oil prices fall on hopes Strait of Hormuz could reopen

Oil prices fall on hopes Strait of Hormuz could reopen
BBC World Tuesday 04 August 2026, 14:58 UTC 1 min read
Key Points

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

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.
Strait (LOCATION) Hormuz (LOCATION) US (LOCATION) State (ORG) Marco Rubio (PERSON) Treasury (ORG) Scott Bessent (PERSON)
Originally published by BBC World Read original →

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