Business

Oil Prices Rise Amid Hormuz Deal Uncertainty

Updated 2026-08-11 09:25 UTC 1 source Negative

U.S. crude oil prices have risen to over $84 per barrel as hopes of a U.S.-Iran deal on the Strait of Hormuz have diminished, leading to increased geopolitical tensions and market volatility.

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CNBC

U.S. oil tops $84 as Hormuz deal hopes dwindle and deadlock deepens

U.S. crude is back above $84 as last week's anticipation of a U.S.-Iran deal dissipates.

2026-08-11 09:12 UTC