Oil gains on renewed Hormuz supply concerns
Oil prices rose on Monday as markets weighed conflicting signals from the United States and Iran over efforts to end the conflict and reopen the Strait of Hormuz.
August 10, 2026 (MLN): Oil prices rose on Monday as markets weighed conflicting signals from the United States and Iran over efforts to end the conflict and reopen the Strait of Hormuz. Currently, Brent crude futures is up, 0.53%, at $83.99 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is up by $0.31, or 0.40%, to $78.49 per barrel by [10:51 am] PST. Iranian Foreign Mini...