US-Iran war: Oil prices tumble as Hormuz talks progress
Edited By WION Video Desk
Published: Aug 05, 2026, 11:46 IST | Updated: Aug 05, 2026, 11:46 IST
Oil prices have dropped as US-Iran tensions show signs of easing with progress reported in talks over the Strait of Hormuz. The developments have raised hopes of avoiding a major disruption to one of the world's most critical oil shipping routes, impacting global energy markets.
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