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Trump Launches Hormuz Talks, Brent Crude Drops 4%

8/4/2026

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Trump Negotiates Hormuz
  • U.S. President Donald Trump announced on Monday that negotiations were beginning to reopen the Strait of Hormuz and address Iran’s nuclear program.
  • The report emphasizes growing anxiety among Iranian civilians, illustrating how the conflict disrupts daily life.
  • Brent crude fell more than 4% to about $83 a barrel after the announcement.
  • A Reuters/Ipsos poll showed fewer than one-third of Americans support the war.
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