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macroAug 19, 2026, 1:24 AM

WTI Extends Gains Toward $85 as US-Iran Tensions Escalate

West Texas Intermediate rose for a fourth consecutive session, trading around $84.80 per barrel in Asian hours as escalating US-Iran tensions supported crude prices.

WTI

West Texas Intermediate extended its advance for a fourth straight day, with the US crude benchmark changing hands near $84.80 per barrel during Asian trading. The move kept prices close to the $85.00 level.

The gain came amid escalating tensions between the United States and Iran, which supported sentiment in oil markets. Traders continued to watch geopolitical developments for potential supply implications.

Source: FXStreet Forex News