Translated regional report

Oil falls 5% after announcement of Washington-Tehran negotiations

Automated translation and editorial curation by WhenBuyPublished Aug 3, 2026, 12:57 AM UTC

Original report: Sky News ArabiaEditorial policy

Oil falls 5% after announcement of Washington-Tehran negotiations Oil prices dropped on Monday with the opening of Asian trading, following U.S. President Donald Trump's announcement that new negotiations will begin with Iran to end the war in the Middle East and reopen the Strait of Hormuz.

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