The international oil benchmark Brent crude rose again to 2.7% with traffic through the crucial waterway at a trickle compared to its peacetime flow.
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Aug. 4, 2026, 7:11 AM EDT
By Alexander Smith and Matthew Mulligan
President Donald Trump accused Iran of duplicity and insisted the two sides were discussing reopening the Strait of Hormuz as early as Tuesday, even as Tehran denied talks were even taking place.
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Tehran has pushed back against President Donald Trump’s assertion that talks were under way.
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The administration of US President Donald Trump took it for granted on Sunday that within the coming days it will be able to…
A cargo ship was hit in the Strait of Hormuz as Trump insisted talks could reopen the vital waterway. Learn about the escalating…
Iran and Oman have held talks on reopening the Strait of Hormuz as Donald Trump again backed down after threats of escalation.…
