Oil prices fall on hopes Strait of Hormuz could reopen

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Source: BBC News
Published: 2026-08-05 00:58 UTC+10:00
Section: General
Factuality Score: 90
Opinion Category: Neutral
Topics: Middle East, Europe, Iran, Energy, Elections, World News
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Snippet:
Oil prices fell to a three-week low on Tuesday as senior US officials raised hopes of a deal with Iran to reopen the key Strait of Hormuz waterway.
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