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Hopes of Iran deal to reopen Strait of Hormuz and allow oil flow may depend on Trump making rare compromise

BusinessDay Aug 7, 2026 · 10:11 WAT
Iran says negotiations to reopen the Strait of Hormuz and restore oil flows may be nearing an agreement, although the outcome could depend on a compromise by U.S. President Donald Trump. Developments around the strategic waterway may affect global oil-market conditions relevant to Nigerian oil and gas equities.
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