# Brent Prices Diverge as Hormuz Talks Face Uncertainty

2026-08-07T00:41:35+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Brent crude prices moved in opposite directions in reports from Times Now and LiveMint as markets tracked possible US-Iran arrangements over the Strait of Hormuz. Times Now reported Brent below $79 a barrel after hopes of a deal to reopen the waterway, citing US Treasury Secretary Scott Bessent and oil analyst Peter McGuire. LiveMint later reported Brent futures up 99 cents, or 1.2%, at $83.48 a barrel, with traders worried about proposed restrictions on shipping. Qatar said draft proposals were circulating, while Iran and Oman discussed limits and transit fees. The United States is seeking unrestricted passage without charges. The strait carried nearly one-fifth of global oil and LNG trade before the conflict began, according to LiveMint.

## Coverage

- timesnownews.com <https://www.timesnownews.com/business-economy/economy/exclusive-brent-crude-below-80-on-iran-deal-hopes-oil-expert-says-volatility-is-the-name-of-the-game-article-155291765>
- livemint.com <https://www.livemint.com/market/commodities/crude-oil-prices-rise-amid-uncertainty-over-strait-of-hormuz-reopening-brent-crude-at-83-per-barrel-11786065965138.html>

Tags: Brent crude, crude oil, Iran, Strait of Hormuz, US-Iran talks
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