London, 26 August 2026 – Oil prices extended their decline while Nasdaq futures weakened as markets weighed improving prospects for shipping through the Strait of Hormuz against the approaching Nvidia earnings report and US inflation data.
Early European trading placed October Brent futures 2.5% lower at US$86.38 a barrel and West Texas Intermediate 2.6% lower at US$80.20. Diplomatic discussions involving Iran and Oman raised hopes that traffic through the strategic waterway could normalise.
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