Oil surges above $91 as Iran-US tensions raise supply fears
Oil prices climbed on Tuesday as hopes for a lasting end to the Iran-US conflict weakened, raising fresh concerns over crude supplies through key shipping routes.
August 18, 2026 (MLN): Oil prices climbed on Tuesday as hopes for a lasting end to the Iran-US conflict weakened, raising fresh concerns over crude supplies through key shipping routes. Currently, Brent crude futures is up, 3.58%, at $91.44 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is up by $2.63, or 3.22%, to $84.36 per barrel by [09:53 am] PST. Iran is preparing to...