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Oil prices fall $2 on Iran-Oman talks to reopen Strait of Hormuz
TOKYO/SINGAPORE: Oil prices fell more than $2 a barrel on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region. Brent crude futures fell $2.30, or 2.6 percent, to $86.28 a barrel by 07:47 a.m. Saudi time, earlier dropping to their lowest since Aug. 13. US West Texas Intermediate crude futures were down $2.08, or 2.53 percent, at $80.29, earlier sinking to their lowest since Aug. 10. Both benchmarks fell more than 3 percent on Tuesday.
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channelnewsasia.com
Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz
TOKYO, Aug 26 : Oil prices dropped about 2 per cent on Wednesday, adding to the previous session's losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had…
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US oil prices extend losses on hopes of Iran-Oman talks on Strait of Hormuz
TOKYO, Aug 26 : U.S. oil prices fell in early trade on Wednesday, extending the previous session's losses, on hopes the Strait of Hormuz could reopen after Iran said it had…
