Iran-Oman Hormuz deal in final stage: Oil holds near $80 as US redirects 48 ships, Houthis strike Saudi tanker

Oil Price Today (August 5): Crude climbs back to $80 despite hopes of a short-term war deal. What's next?

Oil prices found a footing on Wednesday following recent drops, as discussions aimed at reopening the Strait of Hormuz progressed. Traders are keenly watching the U.S.-Iran negotiations, knowing that an agreement could…