Business

Oil prices extend losses on expectations talks to ease Middle East supply woes

The Economic Times · 27 August 2026 at 7:10 am

Oil prices have declined as discussions between Iran and Qatar may pave the way for reopening the crucial Strait of Hormuz.

This reopening could alleviate supply issues arising from the ongoing conflict in the Middle East.

Currently, Iran and Oman are working on arrangements for overseeing this vital shipping route.

Meanwhile, Qatar's prime minister is set to visit Iran to renew diplomatic conversations aimed at resolving the war.

Read the full article on The Economic Times ›

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This story in other outlets

Oil prices extend losses on hopes of easing West Asia supply woes

Business Standard · 46 min ago

Oil prices extend losses on expectations talks to ease Middle East supply woes

This story in other outlets

Oil prices extend losses on hopes of easing West Asia supply woes

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