https://www.live-feeds.com/feed/oil-prices-dip-as-cautious-optimism-over-iran-trumps-new-fears-of-russian-escalation-in-ukraineContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-dip-as-cautious-optimism-over-iran-trumps-new-fears-of-russian-escalation-in-ukrainehttps://www.live-feeds.com/feed/oil-prices-dip-as-cautious-optimism-over-iran-trumps-new-fears-of-russian-escalation-in-ukraine#u51013Fri, 28 Aug 2026 13:35:37 +0000Oil prices have extended declines as talks between Iran and Oman to reopen the Strait of Hormuz raised hopes of easing Middle East supply woes, outweighing fears of Russian escalation in Ukraine.Why it mattersThe Strait of Hormuz is a critical waterway for global oil supplies. Tensions in the region have previously led to supply shocks. Developments in Iran and Ukraine are being closely watched for their potential impact on oil markets. The global economy is sensitive to changes in oil prices.What is confirmedOil prices have extended declines on expectations talks between Iran and Qatar may op