Wall Street Rebounds, Oil Prices Ease on Hopes of US-Iran Hormuz Arrangement

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Energy

12 August 2026 at 2:18 am

Wall Street Rebounds, Oil Prices Ease on Hopes of US-Iran Hormuz Arrangement

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Summary

Wall Street saw a cautious rebound as oil prices eased, with US crude hovering around $82 a barrel, following Pakistan's defense minister's statement that the US and Iran are close to an arrangement regarding the strategic waterway.

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