Crude oil prices fall on signs of opening of Hormuz, new record in US stock market
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Media Baaji
- Wed, 5 August 2026
Kathmandu. The diplomatic talks between Iran and Oman regarding the resumption of the safe passage of commercial ships through the Strait of Hormuz have indicated that they are progressing in a positive direction.
After the representatives of both sides showed the possibility of agreement, there is hope that the impact of the ongoing tension in the Middle East will decrease on the world economy. However, at the same time, the attack on the Indian merchant ship near the Red Border near Yemen and the subsequent sinking of the ship confirmed that the regional maritime security risk is still serious.
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