Crude oil futures decline as reports emerge of an Iran-Oman deal to reopen the Strait of Hormuz.

Iran confirms no talks with the US, while discussing a temporary safe route through the Strait of Hormuz with Oman.

October Brent oil futures were at $84.93, up by 1.38%, and September crude oil futures on WTI (West Texas Intermediate) were at $81.13, up by 0.98%

Indian refiners purchase 1 million barrels of Oman crude and 4 million barrels of West African crude, sources report.