Daily Market Updates: Talks to reopen Strait of Hormuz seen near-stages as oil slips

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At close · Tue, Aug 4, 2026

Global Markets

Home›Global Markets›Trade & Tariffs›Talks to reopen Strait of Hormuz seen near-stages as o…

Talks to reopen Strait of Hormuz seen near-stages as oil slips

Oil prices fell as investors priced in progress on talks among Iran and Oman, helping lift stocks, CNBC Markets reported.

Reported · Written up by our desk · Trade & Tariffs

CNBC Markets reported that Iran and Oman said talks on reopening the Strait of Hormuz are in the final stages.

The outlet said President Donald Trump again teased that a deal could be close, a development that helped weigh on oil prices.

At the same time, investors responded by moving into stocks, sending stock indexes higher, according to CNBC Markets.

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Sources

CNBC MarketsIran, Oman say Strait of Hormuz talks in final stages, as Trump again teases a deal being close

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