Oil prices hit 3-week high on Hormuz shipping risks
Oil prices rose to their highest level in around three weeks on Wednesday, supported by persistent uncertainty over shipping through the Strait of Hormuz and ongoing disruptions to global supply.
August 19, 2026 (MLN): Oil prices rose to their highest level in around three weeks on Wednesday, supported by persistent uncertainty over shipping through the Strait of Hormuz and ongoing disruptions to global supply. Currently, Brent crude futures is up, 0.89%, at $91.91 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is up by $0.91, or 1.08%, to $84.97 per barrel by [04...