Oil Holds Above $90 as U.S.-Iran Talks Stall and Hormuz Risk Grows

VG Markets · 2026-08-18T05:54:23Z

Brent rose to around $91.49 as stalled U.S.-Iran talks and Tehran’s shift toward a more offensive posture threatened energy flows. Tanker traffic through the Strait of Hormuz remains severely restricted, keeping supply risks elevated. For traders, any deterioration in negotiations or further disruption to Hormuz traffic could extend crude’s upside, while renewed diplomacy may trigger a risk premium unwind.

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