Oil prices steady as U.S.-Iran war, Hormuz risks keep market on edge
Oil prices held firm in early Asian trade on Thursday, with investors closely monitoring developments in the U.S.-Iran war and uncertainty surrounding the security of shipping through the Strait of Hormuz.
August 20, 2026 (MLN): Oil prices held firm in early Asian trade on Thursday, with investors closely monitoring developments in the U.S.-Iran war and uncertainty surrounding the security of shipping through the Strait of Hormuz. Currently, Brent crude futures is up, 0.22%, at $91.69 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down by $0.24, or 0.28%, to $84.35 per b...