Oil Slides as Iran-Oman Talks Fuel Hopes of Strait of Hormuz Reopening
Oil prices fell for a second straight session on Wednesday 26 August 2026 as Iran and Oman discussed a temporary joint shipping corridor through the Strait of Hormuz, reviving hopes of a wider US-Iran understanding.
Brent slipped toward US$87 a barrel after Monday's sanctions shock, and the reversal rippled through Latin America's oil-exporting economies and currencies.
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Iran-Oman talks on Hormuz reopen oil hopes
- Qatar, Iran discuss proposal for temporary shipping corridor through Strait of Hormuz Middle East Monitor —
- Iran says Strait of Hormuz will stay closed until US ends war, lifts blockade Malay Mail —
- Middle East live: Iran says Hormuz strait still closed despite transit corridor talks with Oman France 24 —
- Top official says Iran, Oman have agreed new temporary route in Hormuz Al Jazeera —
- Strait of Hormuz Deal? Iran, Oman Discuss 'Interim' Reopening of Shipping Corridor 📹 Bloomberg — · 3min