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macroAug 17, 2026, 4:04 PM

WTI crude climbs above $82 as US-Iran standoff revives supply worries

West Texas Intermediate advanced on Monday, trading near $82.10 as the unresolved US-Iran dispute kept supply concerns in focus.

WTIUSD

West Texas Intermediate crude rose on Monday, trading around $82.10 per barrel, up 0.68% on the day. Prices remained supported by the continuing deadlock between the United States and Iran.

The standoff has reignited concerns about potential disruption to oil flows through the Strait of Hormuz, a key chokepoint for global crude shipments.

Source: FXStreet Forex News