Global Oil Prices Hit 3-Week Low as Strait of Hormuz Tensions Ease
Global oil prices fell to their lowest levels in three weeks as diplomatic efforts to reopen the Strait of Hormuz eased geopolitical tensions, though conflicting statements from U.S. and Iranian officials left markets uncertain about the outlook. Oil prices plummeted to their lowest levels in three weeks on August 4, 2026, as speculation about diplomatic … Read more