energyWednesday, August 26, 2026event Aug 266 sources

Brent Crude Oil Price Drops to $85 as Iran and Oman Near Agreement on Strait of Hormuz Navigation

Brent crude oil prices fell to $85 per barrel on the London ICE Futures exchange, marking a decline since August 14. The drop followed reports that Iran and Oman were nearing an agreement on safe navigation through the Strait of Hormuz. The price varied between $85 and $86.89 across different reports.

On August 26, 2026, Brent crude oil futures fell to $85 per barrel on the London ICE Futures exchange, according to so-zcu. Other reports indicated the price dropped to $86.71, $86, $87, and $86.89, reflecting discrepancies in the exact figures. The decline was linked to progress in negotiations between Iran and Oman regarding safe passage through the Strait of Hormuz, as reported by glas-srpske. Tass noted the price fell below $87 for the first time since August 14, while kabar cited a drop to $86.89, citing TASS as the source.

Where Sources Diverge

Brent crude oil price varied between $85 and $86.89 per barrel across different reports.

so-zcu

Brent crude oil dropped to $85

bakinski-rabochi

Brent crude oil futures fell to $86.71 per barrel

glas-srpske

Brent crude oil fell to $86 per barrel

tass

Brent crude oil fell below $87 per barrel for first time since August 14

azerbaijan-state-news-agency

Brent crude oil price fell to $87 per barrel

kabar

Brent crude oil price fell to $86.89 per barrel

Timelines

Sources

IndependentGlas SrpskeAug 26, 11:56 AM
European Exchanges Uneven, Brent Oil Falls to $86

NEW YORK/MOSCOW/FRANKFURT - European stock market indices today are uneven, while the price of Brent crude oil fell for a third consecutive day, this time to $86 per barrel, after it was announced that Iran and Oman are approaching an agreement that would enable safe navigation ...

WireAzerbaijan State News AgencyAug 26, 10:38 AM
Brent crude oil price falls to $87 per barrel - AZƏRTAC

Brent crude oil price falls to $87 per barrel AZƏRTAC

IndependentSözcüAug 26, 10:19 AM
Brent crude oil dropped to $85

Brent crude oil dropped to $85

IndependentBakinski RabochiAug 26, 10:18 AM
Brent crude oil fell to $86.71 per barrel

Benchmark crude oil continued to decline in the morning of Wednesday amid progress in the issue of opening the Strait of Hormuz. As reported by BR, this is evidenced by trading data. October Brent crude oil futures fell on the London ICE Futures exchange by 2.11% to $86.71 per barrel. October WTI crude oil futures fell on the...

WireKabarAug 26, 08:20 AM
Brent crude oil price drops

Bishkek, 26.08.26 /Kabar/. According to TASS, the price of Brent crude oil on the London ICE exchange fell for the first time since August 14th to below $87 per barrel. According to the information, the price of Brent crude oil is accelerating its decline, reaching $86.89 per barrel...

StateTASSAug 26, 12:45 AM
Brent crude oil falls below $87 per barrel on ICE exchange for first time since August 14 - tass.com

Brent crude oil falls below $87 per barrel on ICE exchange for first time since August 14  tass.com