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Global Business News

The Economic Times

Global Business / The Economic Times

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Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on

Iran and Oman are discussing managing the Strait of Hormuz traffic. The United States is sending personnel back to Middle East diplomatic missions. U.S. sanctions threaten countries doing business with Iran. Oil prices fell as traders brushed off sanctions impact. Thousands have died in the conflict, with Iran's military capacity degraded.

26 Aug 2026 7:05 am