Oil settles lower on clues about Fed policy, rumors of Hormuz deal — Live Feedhttps://www.live-feeds.com/feed/oil-settles-lower-on-clues-about-fed-policy-rumors-of-hormuz-dealContinuously updated, source-cited coverage. Oil prices drop amid Strait of Hormuz reopening rumorshttps://www.live-feeds.com/feed/oil-settles-lower-on-clues-about-fed-policy-rumors-of-hormuz-dealhttps://www.live-feeds.com/feed/oil-settles-lower-on-clues-about-fed-policy-rumors-of-hormuz-deal#u54113Tue, 01 Sep 2026 14:41:24 +0000Oil prices fell as optimism regarding a potential deal to reopen the Strait of Hormuz outweighed concerns over Russian escalation in Ukraine. Iran and Oman are reportedly negotiating a temporary reopening plan that includes sharing revenue from the strait. However, Tehran maintains that the United States must lift its blockade for the plan to proceed. Market declines were further influenced by indicators of Federal Reserve policy and a general stalemate in broader US-Iran talks.Why it mattersThe Strait of Hormuz is a critical global oil transit chokepoint. Any agreement to stabilize the waterw