Oil hits two week low on Hormuz talks
Oil prices fell more than two dollars a barrel to a two week low on Wednesday. Talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen. A temporary navigational corridor is being discussed to ease shipping constraints.
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Brent Crude Oil fell $2.73 to $85.85 a barrel on Wednesday morning, hitting a two-week low. The drop followed diplomatic talks between Iran and Oman aimed at reopening the Strait of Hormuz.
