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Oil prices drop as investors weigh potential Hormuz deal between Iran and Gulf states

Written By: TDG Syndication
Last Updated: August 7, 2026 17:25:06 IST

By Stephanie Kelly LONDON, Aug 7 (Reuters) – Oil prices edged lower on Friday as investors weighed signals that Gulf states and Iran were closing in on a deal to reopen the Strait of Hormuz under a

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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