Crude Oil Futures News - August 4, 2026

Crude Oil Tumbles on Hopes of US-Iran Deal to Reopen Strait of Hormuz

WTI crude oil futures fell sharply after U.S. Treasury Secretary Scott Bessent indicated that an agreement with Iran to reopen the Strait of Hormuz could be...

🔴 Crude Oil is trading 3.7% down today as Iran war fears ease and OPEC+ raises supply

Crude Oil is trading 3.7% down at $77.35 after a sharp unwinding of the geopolitical risk premium and news of upcoming supply increases. • President Trump...