{"id":41673,"date":"2026-08-06T07:42:20","date_gmt":"2026-08-06T05:42:20","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=41673"},"modified":"2026-08-06T07:42:20","modified_gmt":"2026-08-06T05:42:20","slug":"oil-prices-slip-as-iran-cites-progress-with-oman-on-hormuz-agreement","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/oil-prices-slip-as-iran-cites-progress-with-oman-on-hormuz-agreement\/","title":{"rendered":"Oil prices slip as Iran cites progress with Oman on Hormuz agreement"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">Oil prices trended \u200blower on Thursday on the progress in Iran-Oman talks, with investors cautiously waiting for signs of a United States (US) and Iran \u200cpeace deal and progress on reopening the Strait of Hormuz.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Brent crude futures fell 33 cents, or 0.42%, to $79.12 a barrel.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The US West Texas Intermediate (WTI) futures declined 42 cents, or 0.56%, to $74.80 a barrel.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Brent settled up slightly on Wednesday, while WTI edged lower.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Iran and \u200bOman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and \u200ba joint announcement is being finalised, provided certain third parties did not interfere, Iran&#8217;s Foreign Ministry \u2060Spokesperson Esmaeil Baghaei said on Wednesday.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;Some selling pressure emerged following reports that talks between Iran and Oman are making progress,&#8221; \u200bsaid Yuki Takashima, economist at Nomura Securities.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Prices have returned to the levels seen when the US and Iran signed an interim \u200bpeace agreement on June 17, with investors closely watching whether the two sides can reach a final deal, he added.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":20970,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-41673","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Oil prices trended \u200blower on Thursday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41673\/revisions"}],"predecessor-version":[{"id":41674,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41673\/revisions\/41674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20970"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=41673"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=41673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}