Oil Drops as Hormuz Talks Begin | Horizons Middle East & Africa 7/24/2026

GOOD MORNING. THIS IS "HORIZONS MIDDLE EAST & AFRICA." OUR TOP STORIES THIS MORNING, HOLDING FIRE, THE U.S. AND IRAN PAUSE ATTACKS AS IRANIAN AND OMANI OFFICIALS MEET FOR TALKS TO RESOLVE SHIPPING THROUGH THE STRAIT OF HORMUZ. OIL RETREATS AS TENSION EASE, STOCKS GAIN AND THE DOLLAR WEAKENS AS INVESTORS DIAL BACK ENERGY SUPPLY CONCERNS AND ROBUST DEBUT.CHINESE MEMORY CHIP MAKER CXMT SOARS BY MORE THAN 500% AS IT STARTS TRADING ON THE CHINESE EXCHANGE. I’M ABEER ABU OMAR IN DUBAI. IT LOOKS LIKE WE’RE OFF ...