https://www.live-feeds.com/feed/oil-prices-dip-as-optimism-over-iran-trumps-new-fears-of-a-russian-escalation-in-ukraineContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-dip-as-optimism-over-iran-trumps-new-fears-of-a-russian-escalation-in-ukrainehttps://www.live-feeds.com/feed/oil-prices-dip-as-optimism-over-iran-trumps-new-fears-of-a-russian-escalation-in-ukraine#u50797Fri, 28 Aug 2026 10:20:05 +0000Oil prices continued a multi-day decline on Thursday as traders reacted to progress in talks between Iran and Oman to reopen the Strait of Hormuz. This optimism regarding Middle East supply stability outweighed recent concerns that Russia might escalate its conflict in Ukraine. Market participants are currently weighing the potential for reduced supply shocks against geopolitical risks in Eastern Europe, leading to a general unwinding of the war premium previously baked into crude prices.Why it mattersThe Strait of Hormuz is a critical chokepoint for global oil shipments. Any agreement to ensu