Hormuz reopening hopes send oil prices tumbling as Iran diplomacy gains momentum
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An oil tanker docked at the Port of Fujairah, in Fujairah, United Arab Emirates, May 6, 2026.— ReutersOil prices fell on hopes diplomacy could reopen Hormuz.Iran , Oman finalising deal to manage strategic waterway.Flows through strait down to about one-quarter of pre-war...
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