Omar Tamo and Eltaf Najafizada, Bloomberg on 03/08/2026

Iran says Hormuz talks underway after Trump calls off strikes

Oil fell on Monday, with Brent crude down about 4.5% to just over $83 a barrel, after Iran’s foreign minister, Abbas Araghchi, said discussions between Tehran and Oman over management of the strait are in the final stages.

O Omar Tamo and Eltaf Najafizada, Bloomberg