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macroAug 18, 2026, 11:38 PM

Oil rises for fourth day as US-Iran talks stall

WTI climbs above $85 and Brent holds above $91 as stalled US-Iran talks keep Hormuz traffic limited.

WTIBRENT

Oil prices extended gains for a fourth consecutive session after US-Iran negotiations stalled, leaving Strait of Hormuz traffic limited. WTI traded above $85, while Brent held above $91.

The supply backdrop was reinforced by a modest draw in US crude inventories, adding support to prices. The combination of geopolitical deadlock and tighter inventories keeps inflation risks elevated.

Source: First Squawk