Tag: $Oman

Oil prices fell more than $2 a barrel to a more than two-week low on Wednesday as talks between Iran and Oman revived hopes that the Strait ‌of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region.

Oil prices have risen again after the two-month window to negotiate a peace deal in the US-Israel war on Iran expired on Monday with no end to the conflict in sight.

President Donald Trump on Monday said the U.S. would “bomb” Oman if the Gulf nation “gets in the way,” as Washington’s 60-day ceasefire with Iran expires with no official negotiations or deal in sight.