Oil climbs near $90 amid rising Hormuz supply risks
Oil prices remained firm on Tuesday at their highest level in more than a week as prospects for a US-Iran agreement weakened, raising concerns over continued disruption in the strategically important Strait of Hormuz.
August 11, 2026 (MLN): Oil prices remained firm on Tuesday at their highest level in more than a week as prospects for a US-Iran agreement weakened, raising concerns over continued disruption in the strategically important Strait of Hormuz. Currently, Brent crude futures is up, 2.05%, at $89.52 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is up by $1.75, or 2.13%, to $8...