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.
Iran says Hormuz talks underway after Trump calls off strikes
Written on 03/08/2026
Omar Tamo and Eltaf Najafizada, Bloomberg
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