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Oil prices slip as Iran-Oman talks fuel hopes for US-Iran peace deal
['Yuka Obayashi', 'Thu', 'August', 'At A.M. Gmt', 'Min Read']
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By Yuka ObayashiTOKYO, Aug 6 (Reuters) - Oil prices slipped on Thursday as investors assessed whether progress in Iran-Oman talks could pave the way for a U.S.-Iran peace deal to end the five-month war and reopen the Strait of Hormuz.
Brent crude futures fell 37 cents, or 0.5%, to $79.08 a barrel by 0024 GMT.
"Some selling pressure emerged following reports that talks between Iran and Oman are making progress," said Yuki Takashima, economist at Nomura Securities.
Meanwhile, Yemen's Iran-aligned Houthis said on Wednesday they had launched a missile attack on a Saudi oil tanker off the coast of the kingdom's Red Sea port city of Yanbu and another missile attack on a Saudi oil tanker in the Gulf of Aden.
Separately, U.S. crude stocks rose as refineries eased processing slightly and imports edged higher, data from the Energy Information Administration showed on Wednesday.