Oil rises as uncertainty continues over reopening of Strait

August 9, 2026 6:17 PM EDT

Vessels in the Strait of Hormuz, as seen from Musandam, Oman, August 3, 2026. REUTERS/Stringer

PERTH, ‌Aug 10 (Reuters) - ​Oil ​prices rose on ‌Monday as uncertainty ⁠continued over the ‌reopening of the ‌Strait of Hormuz as Iran ​said a deal ⁠with Oman defining new ​shipping lanes was in its final ​stages, but ‌the U.S. must still ⁠meet other conditions.

Brent crude futures ⁠rose $1.20, or 1.44%, ​to $84.79 by 2206 GMT while U.S. West ‌Texas Intermediate was at $79.29 a ‌barrel, or ⁠1.08%, ‌rising $1.12.

(Reporting by ​Helen ClarkEditing by Nick ‌Zieminski)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

Crude Oil