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Today: August 5, 2026
August 5, 2026
1 min read

Middle East crisis live: US and Iran signal hope for Hormuz deal but terms unclear

While Trump suggests deal could come as soon as today, Iran indicates that ongoing talks with Oman would not lead to its immediate reopening

After oil prices fell sharply in the last couple of days on hopes of an interim deal that would allow safe traffic through the strait of Hormuz, crude is on the rise again.

Brent crude is back above $80 a barrel, rising 1% to $80.2 a barrel.

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