{
  "id": 3374879,
  "title": "US oil prices extend losses on hopes of Iran-Oman talks on Strait of Hormuz",
  "url": "https://urgent.news/2026/08/25/us-oil-prices-extend-losses-on-hopes-of-iran-oman-talks-on-strait-of-3374879",
  "topic": "world",
  "section": "World",
  "published": "2026-08-25T23:02:25.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/us-oil-prices-extend-losses-hopes-iran-oman-talks-strait-hormuz-6341076"
  },
  "original_language": "en",
  "account": "U.S. oil prices declined on Wednesday, continuing their downward trend from the prior session, as traders anticipated the possible reopening of the Strait of Hormuz. Iran announced it had resumed discussions with Oman regarding the management of the crucial waterway. West Texas Intermediate crude futures dropped $1.37, or 1.7%, to $80.99 per barrel by 2240 GMT. The contract had declined 3.1% on Tuesday, hitting its lowest level since August 13. Iran's decision to restart talks with Oman comes amid increased economic pressure from U.S. President Donald Trump's administration. Iran and Oman have been engaged in intermittent negotiations for weeks about controlling passage through the Strait, which accounted for one-fifth of global oil and liquefied natural gas shipments prior to the conflict in February. The U.S. recently broadened sanctions to target Iran's economy, threatening penalties for countries that continue trade with Iran, though it did not impose immediate sanctions.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "US oil prices extend losses on hopes of Iran-Oman talks on Strait of Hormuz",
        "url": "https://urgent.news/2026/08/25/us-oil-prices-extend-losses-on-hopes-of-iran-oman-talks-on-strait-of",
        "published": "2026-08-25T23:02:25.000Z"
      },
      {
        "outlet": "Arabian Business",
        "title": "Iran and Oman restart Strait of Hormuz talks as plan for shipping corridor and mine clearance emerges",
        "url": "https://urgent.news/2026/08/25/iran-and-oman-restart-strait-of-hormuz-talks-as-plan-for-shipping",
        "published": "2026-08-25T23:10:13.000Z"
      },
      {
        "outlet": "New Voice of Ukraine",
        "title": "Trump says main Hormuz shipping lane cleared of mines",
        "url": "https://urgent.news/2026/08/26/trump-says-main-hormuz-shipping-lane-cleared-of-mines",
        "published": "2026-08-26T00:05:00.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "US oil prices extend losses on hopes of Iran-Oman talks on Strait of Hormuz",
        "url": "https://urgent.news/2026/08/26/us-oil-prices-extend-losses-on-hopes-of-iran-oman-talks-on-strait-of",
        "published": "2026-08-26T00:35:54.000Z"
      },
      {
        "outlet": "RTE News",
        "title": "Iran and Oman discuss reopening Strait of Hormuz",
        "url": "https://urgent.news/2026/08/26/iran-and-oman-discuss-reopening-strait-of-hormuz",
        "published": "2026-08-26T01:26:27.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "What happened to Mojtaba Khamenei? ‘Brain-dead’ claim emerges as Iran leader stays hidden",
        "url": "https://urgent.news/2026/08/26/what-happened-to-mojtaba-khamenei-brain-dead-claim-emerges-as-iran",
        "published": "2026-08-26T01:41:18.000Z"
      },
      {
        "outlet": "The Vibes",
        "title": "Oil slides as Iran-Oman Hormuz talks raise hopes of easing tensions",
        "url": "https://urgent.news/2026/08/26/oil-slides-as-iran-oman-hormuz-talks-raise-hopes-of-easing-tensions",
        "published": "2026-08-26T02:25:00.000Z"
      }
    ]
  },
  "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."
}