Oil Holds Weekly Gains as Hormuz Risk Keeps Supply Premium Elevated

VG Markets · 2026-08-17T05:47:17Z

Brent held near $88.6 after rising over 5% last week as U.S.-Iran tensions and disruption risks around the Strait of Hormuz tightened supply concerns. Diesel markets face added pressure from refinery and shipping disruptions. Traders should watch Hormuz flows and geopolitical developments for further volatility.

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