Lower Oil Prices Lend Support For The Gold Rally | HappeningNow.news

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Lower Oil Prices Lend Support For The Gold Rally

Oil prices fell for a second week running thanks to optimism surrounding renewed U.S.-Iran diplomacy to reopen the Strait of Hormuz. U.S.

Source Summary Published August 7, 2026 Brief Under 1 min brief
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Oil prices fell for a second week running thanks to optimism surrounding renewed U.S.-Iran diplomacy to reopen the Strait of Hormuz. U.S. President Donald Trump announced on Monday that talks between Washington and Tehran would resume l, adding that U.S. allies in the region, including Saudi Arabia, had urged him to suspend attacks.

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