US and Qatar Report Progress on Iran Ceasefire and Hormuz Strait Reopening

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5 August 2026 at 3:53 am

US and Qatar Report Progress on Iran Ceasefire and Hormuz Strait Reopening

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Summary

US and Qatari officials report progress on an Iran ceasefire and reopening the Strait of Hormuz, leading to a 2% drop in oil prices, despite a cargo vessel being struck near Oman.

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