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Oil is trading lower after U.S. Treasury Secretary Scott Bessent said there is a chance a deal could be reached today or tomorrow to reopen the Strait of Hormuz. Sentiment was further supported by reports suggesting that Iran is considering allowing European nations to clear mines in the Strait, raising hopes of easing supply disruptions and restoring shipping flows.
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- benzinga
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- Aug 4, 2026, 4:00 PM
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- Aug 4, 2026, 4:00 PM
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