Business

Oil Prices Rise Amid Economic Pressure on Iran

Updated 2026-08-21 08:55 UTC 1 source Negative

Oil prices are expected to rise for a second consecutive week as the U.S. intensifies economic pressure on Iran, with hopes of reopening the Strait of Hormuz fading.

Coverage timeline — 1 article
CNBC
Oil prices eased Friday but remained on track for a second straight weekly gain as hopes of a swift reopening of the Strait of Hormuz faded to near-zero.
2026-08-21 08:43 UTC
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