Oil prices slide amid hopes for progress in Mideast diplomacy
August 26, 2026
(Investing) – Oil prices fell on Wednesday, extending declines from the prior session, as media reports pointed to progress in diplomatic efforts to halt hostilities in the Middle East and reopen the Strait of Hormuz. Brent crude futures, the global oil benchmark, had fallen 1.6% to $87.22 a barrel by 09:43 ET (13:43 GMT), while U.S. West Texas Intermediate crude futures had
