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The Economic Times

Top News / The Economic Times

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Trump says deal to reopen Strait of Hormuz could come as early as Wednesday

President Trump indicated a deal to reopen the Strait of Hormuz could happen soon. Hopes for a deal eased oil prices as shipping hopes increased. Attacks on shipping in the Red Sea and Strait of Hormuz continued. Iran and Oman are reportedly discussing routes for safe shipping lanes. Progress has been made in talks, but a final agreement is not yet reached.

5 Aug 2026 5:13 pm