Current events in the fuel and energy complex (FEC) on Tuesday, August 4, 2026, revolve around a sharp shift in sentiment in the global oil market. U.S. President Donald Trump's decision to postpone a new strike against Iran and seek a diplomatic resolution has led to a drop in oil prices by more than 5%: Brent fell to $83 per barrel after holding steady around $90 for a long time. The Strait of Hormuz, a key artery for global oil and LNG trade, remains closed; however, talks between Iran and Oman about a temporary shipping corridor have reached the final stage. At the same time, the OPEC+ alliance has approved another increase in production quotas starting in September, and the European gas market enters August with record-low stocks for this date in underground storage. Below is a detailed overview of key news in the oil and gas sector, electricity, renewable energy, coal, and the oil products market for investors and market participants in the FEC.