Economy & Finance
Aug 05, 2026
Oil Prices Slip: Iran-Oman Hormuz Agreement Progress Eases Supply Concerns
Oil prices slip as Iran cites progress with Oman on Hormuz agreement. Brent down 0.42% to $79.12. WTI down 0.56% to $74.80. Iran-Oman reach understanding on shipping route. Joint announcement being finalised.