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#oil-markets

2 stories tagged

Oil prices hold firm as Hormuz shipping gridlock persists amid U.S.-Iran tensions

Oil prices edged higher Wednesday as uncertainty surrounding the Strait of Hormuz's status kept markets anxious. Brent crude rose 0.5% to $91.44 per barrel amid fading hopes of U.S.-Iran dialogue and renewed military posturing.

By Azizah Rahman · 19 Aug 2026 · 3 min read

Oil Prices Slip to Two-Week Low as US-Iran Ceasefire Raises Negotiation Hopes

Oil prices fell roughly 5% to their lowest level in two weeks as markets cautiously welcomed signs of de-escalation between the United States and Iran. However, critical shipping routes remain disrupted by regional tensions.

By Azizah Rahman · 29 Jul 2026 · 5 min read