Tuesday, August 11, 2026
Oil prices settle up as Iran says Strait of Hormuz to stay shut- oil and gas 360

Oil prices settle up as Iran says Strait of Hormuz to stay shut

(Investing) – Oil prices edged up to a one-week high on Tuesday as doubts about a potential U.S.-Iran peace deal fueled concerns that Middle East supply disruptions would persist. Brent futures rose $1.19, or 1.4%, to settle at $88.91 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.07, or 1.3%, to settle at $83.20. Those were the highest closes for

Energy markets whipsaw on war and talks: by Oil & Gas 360

Energy markets whipsaw on war and talks: by Oil & Gas 360

(By Oil & Gas 360) – Global energy markets are sending mixed signals as war-driven disruptions collide with sudden diplomatic momentum, leaving oil and gas prices caught between physical shortages and shifting expectations. LNG supply has taken a direct hit. Export volumes have fallen to multi-month lows as conflict in the Middle East disrupts flows through the Strait of Hormuz,