Oil rises as uncertainty continues over reopening of Strait

Sun, August 9, 2026 at 10:17 PM UTC

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PERTH, Aug 10 (Reuters) - Oil prices rose on Monday as uncertainty continued over the reopening of the Strait of Hormuz as Iran said a deal with Oman defining new shipping lanes was in its final stages, but the U.S. must still meet other conditions.

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Brent crude futures rose $1.20, or 1.44%, to $84.79 by 2206 GMT while U.S. West Texas Intermediate was at $79.29 a barrel, or 1.08%, rising $1.12.

(Reporting by Helen ClarkEditing by Nick Zieminski)

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Source: “AOL Money”