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Liked this AI Summary? Join our AI Workshop Oil prices are showing signs of a reality check after a sharp selloff triggered by US President Donald Trump’s claim that the Strait of Hormuz could reopen as soon as August 4. Brent crude rose 0.7% to $84.39 a barrel in early Asian trading, while US West Texas Intermediate (WTI) gained 0.7% to $80.95. The rebound came after Brent plunged 7% in the previous session and WTI fell more than 5%, as traders initially priced in the possibility of a diplomatic breakthrough between Washington and Tehran. The recovery suggests the market is…
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