{"id":25104,"date":"2026-08-26T13:25:36","date_gmt":"2026-08-26T13:25:36","guid":{"rendered":"https:\/\/playball.com.ng\/?p=25104"},"modified":"2026-08-26T13:25:36","modified_gmt":"2026-08-26T13:25:36","slug":"strait-of-hormuz-deal-inches-closer-as-oil-prices-dip-us-commits-to-tehran-sanctions","status":"publish","type":"post","link":"https:\/\/playball.com.ng\/?p=25104","title":{"rendered":"Strait of Hormuz deal inches closer as oil prices dip; US commits to Tehran sanctions"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p><!----><time class=\"time\" datetime=\"Wed Aug 26 2026 07:44:28 GMT-0400 (Eastern Daylight Time)\">56 mins ago<\/time><!----><\/p>\n<h2 class=\"title\"><!--[-->Brent crude dips to $86 per barrel for first time in nearly two weeks amid Strait of Hormuz talks<!--]--><\/h2>\n<\/p>\n<div><!--[--><!--[--><!----><!--]--><!--[--><!----><\/p>\n<div class=\"article-item-body\">\n<p>Brent crude, the international oil benchmark, hovered around $86 per barrel Wednesday morning, a level not seen since Aug. 14.<\/p>\n<\/div>\n<p><!--]--><!--[--><!----><\/p>\n<div class=\"article-item-body\">\n<p>West Texas Intermediate (WTI), the U.S. crude benchmark, similarly hit a nearly two-week low, dipping to approximately $80.<\/p>\n<\/div>\n<p><!--]--><!--[--><!----><\/p>\n<div class=\"article-item-body\">\n<p>Falling oil prices come as Iran and Oman say they are close to reaching a deal on establishing a shipping route through the Strait of Hormuz, the vital chokepoint that carried roughly a fifth of the world\u2019s daily oil supply before the Iran war began in late February.<\/p>\n<\/div>\n<p><!--]--><!--[--><!----><\/p>\n<div class=\"article-item-body\">\n<p>&#8220;I am hopeful we will soon announce a temporary corridor for the Strait of Hormuz and practical arrangements to restore safe navigation,&#8221; \u2060Omani Foreign Minister Badr Albusaidi posted on X after speaking with his Iranian counterpart.<\/p>\n<\/div>\n<p><!--]--><!--[--><!----><\/p>\n<div class=\"article-item-body\">\n<p>In May, President Donald Trump expressed opposition to an arrangement where Iran and Oman would control a portion of the strait, calling it &#8220;international waters.&#8221;<\/p>\n<\/div>\n<p><!--]--><!--[--><!----><\/p>\n<div class=\"article-item-body\">\n<p>In August, Trump said he&#8217;d bomb Oman if it got in the way of U.S. negotiations with Iran.<\/p>\n<\/div>\n<p><!--]--><!--]--><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>56 mins ago Brent crude dips to $86 per barrel for first time in nearly&#8230;<\/p>\n","protected":false},"author":1,"featured_media":25105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sport"],"_links":{"self":[{"href":"https:\/\/playball.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/25104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/playball.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/playball.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/playball.com.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/playball.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25104"}],"version-history":[{"count":0,"href":"https:\/\/playball.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/25104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/playball.com.ng\/index.php?rest_route=\/wp\/v2\/media\/25105"}],"wp:attachment":[{"href":"https:\/\/playball.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/playball.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/playball.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}