{
  "id": 132183,
  "title": "Oil prices fall amid hopes of US-Iran deal",
  "url": "https://urgent.news/2026/08/04/oil-prices-fall-amid-hopes-of-us-iran-deal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T13:57:49.000Z",
  "source": {
    "name": "Middle East Eye",
    "slug": "middle-east-eye",
    "url": "https://www.middleeasteye.net/live-blog/live-blog-update/oil-prices-fall-hopes-us-iran-deal"
  },
  "original_language": "en",
  "account": null,
  "summary": "Oil prices have fallen amid hopes of a deal between the US and Iran. According to the US Treasury Secretary, a deal could happen \"today or tomorrow\". The main US oil contract, West Texas Intermediate, dropped to $76.32 a barrel, a five percent decrease, while the international benchmark Brent North Sea crude fell back below $80 a barrel.\n\nThe talks are focused on reopening the Strait of Hormuz waterway, a key passage for oil shipments. Iran has denied that it is in active discussions with the US, saying its only active talks are with Oman. US President Donald Trump said Washington was restarting talks with Tehran, but later criticized Iran for being \"duplicitous\".\n\nThe price drop has been significant, with Brent crude falling to $79.69 a barrel, according to The National UAE, and West Texas Intermediate retreating to $76.04 per barrel. Both contracts have dropped to their lowest levels since July 13.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}