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BUSINESSAug 26 · 08:54 UTCMARKETWATCHNora Redmond

Oil prices extend slide as Iran and Oman eye temporary Hormuz deal

Oil prices are undergoing a slide, with West Texas Intermediate and Brent crude’s October contracts declining by almost 7% and 9%, respectively, over five days. This price movement occurs amid considerations regarding a temporary deal involving Iran, Oman, and the Hormuz area.

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West Texas IntermediatetopicBrent crudetopicIranplaceOmanplaceHormuzplace
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Oil prices extend slide as Iran and Oman eye temporary Hormuz deal · The Nexus