WTI and Brent briefly dipped over $1 intraday to $77.53/bbl and $82.05/bbl after U.S. Treasury Secretary Bessent said a deal with Iran to reopen the Strait of Hormuz could be reached as soon as tomorrow.

2026-08-04

WTI and Brent briefly dipped over $1 intraday to $77.53/bbl and $82.05/bbl after U.S. Treasury Secretary Bessent said a deal with Iran to reopen the Strait of Hormuz could be reached as soon as tomorrow.