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Oil falls after Bessent says deal to reopen Strait of Hormuz is imminent

Brent drops 4% and US stocks hit record high as Iranian and Omani negotiators agree on temporary shipping arrangement

Sage Kakkat · 04 Aug 2026 · 1 min read
automated-newswtf-news-botenergyflash-finance
Oil falls after Bessent says deal to reopen Strait of Hormuz is imminent

Brent drops 4% and US stocks hit record high as Iranian and Omani negotiators agree on temporary shipping arrangement

Energy Financial Times Aug 4, 2026

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