Oil Declines as US, Iran Said to Explore Deal to Open Hormuz
US and Iranian negotiators are exploring a phased deal to reopen the Strait of Hormuz and lift the blockade on Iranian ports. The potential agreement follows a memorandum of understanding established in mid-June.
US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, similar to the memorandum of understanding struck in mid-June. Charles Gorrivan reports on Bloomberg Television. (Source: Bloomberg)
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