Latest Oil Market News and Analysis for Aug. 26
Oil extended declines as Iran and Oman discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz.
Iran, Oman discuss Hormuz shipping corridor
- Iran to hold talks on managing Hormuz with Oman within a timeframe of 60 days — diplomat TASS —
- Iran holds talks with Pakistan, Qatar on regional de-escalation efforts Anadolu Agency —
- Why China Is Defiant Even as US Threatens Iran Sanctions Bloomberg —
- Egypt stresses importance of implementing US-Iran memorandum, de-escalation Anadolu Agency —