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Oil Falls as US, Iran Weigh Deal to Reopen Strait of Hormuz
Posted
May 7, 2026
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4:40Now PlayingOil fell in a volatile session as the US and Iran mulled a fresh push to end their war and reopen the vital Strait of Hormuz.
Ellen Wald, Senior Fellow at the Atlantic Council and President of Transversal Consulting, discusses the state of oil shipping and the price of gasoline across the US as the Strait remains closed.
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