Iran-Oman talks on Hormuz reopen oil hopes

Oil prices fell more than $2 a barrel as Iran and Oman discussed a temporary shipping corridor through the Strait of Hormuz.

Iranian officials said the strait would remain closed until the United States ends the war and lifts the blockade, even as a deputy foreign minister confirmed a new temporary route had been agreed.

The talks revived hopes that the critical waterway could reopen, easing global supply concerns.

Gulf ship traffic through the strait remains below the 10-day average.