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Oil Declines as US, Iran Said to Explore Deal to Open Hormuz

Bloomberg Markets Friday 25 September 2026, 14:19 UTC 1 min read
Key Points

US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, similar to the memorandum of understanding struck in mid-June. Charles Gorrivan reports on Bloomberg Television.

US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, similar to the memorandum of understanding struck in mid-June. Charles Gorrivan reports on Bloomberg Television. (Source: Bloomberg)
US (LOCATION) Iran (LOCATION) Hormuz US (LOCATION) Iranian (ORG) Tehran (LOCATION) the Strait of Hormuz (LOCATION) Washington (LOCATION) Charles Gorrivan (PERSON) Bloomberg Television (ORG) Bloomberg (PERSON)
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