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Oil Markets Hold Their Breath as Iran-Oman Hormuz Deal Hangs in the Balance

By Trader Edge at 2026-08-06 10:58

Sentiment: Negative

TLDR Brent crude sits at $79.54 and WTI at $75.27, both down over 10% in the past week Iran and Oman agreed on coordinates for a Strait of Hormuz shipping route, but a full deal is not done Houthi forces attacked two Saudi oil tankers in the Red Sea and Gulf of Aden U.S. crude [...] The post Oil Markets Hold Their Breath as Iran-Oman Hormuz Deal Hangs in the Balance appeared first on CoinCentral. Continue reading...

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