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Brent crude drops 4% as Iranian and Omani negotiators agree on temporary arrangement for shipping through waterway
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Iran demands inbound control of Hormuz and outbound oversight, source says ReutersAn Emerging Deal Could Cement Iran's Control of Strait of Hormuz The New York TimesTrump offers Iran ‘last chance' deal as repeated pauses fail to end war Fox NewsAug 2-3, 2026 — Trump calls Iranian leadership ‘unbelievably duplicitous' after Tehran denies talks resumed cnn.com
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Oil prices turned sharply lower on Tuesday after a Qatari official talked about a potential short-term deal between the U.S. and Iran.
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