Cargo ships

Oil Declines as US, Iran Said to Explore Deal to Open Hormuz

Bloomberg25 September 2026, 14:19 UTCIran

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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