MacroAug 17, 2026, 1:59 AM

WTI Holds Modest Gains Above $81.50 on US-Iran Deadlock

West Texas Intermediate traded near $81.60 during Asian hours Monday, keeping modest gains as markets weighed the US-Iran standoff and uncertainty around the Strait of Hormuz.

WTIUSD

West Texas Intermediate, the US crude oil benchmark, was changing hands around $81.60 during Asian trading on Monday, holding above the $81.50 level. Price action was described as volatile.

Traders focused on the US-Iran deadlock, with attention on talks related to reopening the Strait of Hormuz. The unresolved tensions kept crude markets sensitive to headline risk.

Source: FXStreet Forex News

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