Oil prices fell for a third straight day after Iran and Oman discussed measures to temporarily reopen the Strait of Hormuz.
In early U.S. trade, Brent crude oil for October delivery fell 2.5% to $86.38 a barrel, while West Texas Intermediate dropped 2.2% to $80.53 a barrel, after earlier trading below the $80 mark. The contracts are on track to settle at their lowest levels in close to two weeks.
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