GLOBEALERT
BUSINESSLOWAug 5 · Aug 5, 2026, 11:31 PM

U.S. crude falls for third straight day as Iran says Hormuz agreement reached with Oman

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U.S. crude oil prices have fallen for the third consecutive day after Iran announced an agreement regarding Hormuz with Oman. This indicates market reaction to a geopolitical development impacting oil transit or supply.

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