Iran Says Hormuz Deal with Oman Won't Fully Reopen Strait, Oil Prices Jump

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Energy

7 August 2026 at 3:55 am

Iran Says Hormuz Deal with Oman Won't Fully Reopen Strait, Oil Prices Jump

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Summary

Oil prices rose after senior Iranian officials stated that a deal with Oman regarding the Hormuz Strait would not fully reopen the waterway.

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