{
  "id": 161594,
  "title": "Oil drops for third day on signs of progress toward Hormuz deal",
  "url": "https://urgent.news/2026/08/05/oil-drops-for-third-day-on-signs-of-progress-toward-hormuz-deal-161594",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T06:00:20.000Z",
  "source": {
    "name": "Moneyweb",
    "slug": "moneyweb",
    "url": "https://www.moneyweb.co.za/news/markets/oil-drops-for-third-day-on-signs-of-progress-toward-hormuz-deal/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Brent for October settlement dropped 0.8% to $78.72 a barrel at 12:28 p.m. in Singapore.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hellenic Shipping News",
        "title": "Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with ‘freedom of movement’",
        "url": "https://urgent.news/2026/08/04/bessent-says-there-may-be-deal-tuesday-or-wednesday-to-open-strait-of-149208",
        "published": "2026-08-04T21:00:57.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Oil drops for third-day on signs of progress toward Hormuz deal",
        "url": "https://urgent.news/2026/08/05/oil-drops-for-third-day-on-signs-of-progress-toward-hormuz-deal",
        "published": "2026-08-05T03:52:36.000Z"
      }
    ]
  },
  "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."
}