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Oil prices declined as new strikes were ruled out and an Iran–Oman transit deal neared completion

Oil extended its decline amid indications of reduced strike risk and progress toward an Iran–Oman transit agreement.

By DoomRadar · Published on DoomRadar .

Why it matters

Changing regional tensions and transit arrangements can materially affect energy prices and supply expectations.

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  1. Oil Extends Decline As Rubio Rules Out New Strikes, Iran-Oman Transit Deal Nears Finalization ↗zerohedge.com · Recorded source date: Aug 26, 2026, 1:17 PM UTC

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