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U.S. crude hovers around $80 as oil prices sink on Hormuz deal hopes

August 26, 2026 by
U.S. crude hovers around $80 as oil prices sink on Hormuz deal hopes
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Oil fell Wednesday, as investors continue to assess the U.S. pivot toward economic sanctions rather than military strikes to add pressure on Iran.

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Iran says the U.S. is standing in the way of Hormuz deal amid talks with Oman
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