Oil Prices Drop After Qatar, U.S. Raise Iran Deal Hopes; GOP Senators to Advance Blanche Nomination

By The Epoch Times | Created at 2026-08-04 15:11:43 | Updated at 2026-08-05 19:38:32 1 day ago

Oil prices fell as low as 5% on Tuesday to a three-week low after comments by Qatar and U.S. Treasury Secretary Scott Bessent raised hopes for a diplomatic resolution to the Middle East conflict, which would improve oil flows through the Strait of Hormuz. Senate Republicans are expected to advance acting Attorney General Todd B...

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