Oil prices fell after talks between Iran and Oman on reopening the Strait of Hormuz eased supply-risk and inflation concerns. LSEG data show markets now price 23bps of cumulative Bank of England hikes by end-2026, down 2bps from Tuesday.

2026-08-26

Oil prices fell after talks between Iran and Oman on reopening the Strait of Hormuz eased supply-risk and inflation concerns. LSEG data show markets now price 23bps of cumulative Bank of England hikes by end-2026, down 2bps from Tuesday.