Oil climbs as fading US-Iran peace hopes raise supply risks

Oil prices rose on Tuesday as a deal to end the Middle East war ‌seemed further out of sight with Iran saying it will adopt a more offensive stance and the U.S. ruling out extending a ceasefire agreement, heightening worries about energy supply.

Aug 18, 2026 - 07:00
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Oil climbs as fading US-Iran peace hopes raise supply risks
Oil prices rose on Tuesday as a deal to end the Middle East war ‌seemed further out of sight with Iran saying it will adopt a more offensive stance and the U.S. ruling out extending a ceasefire agreement, heightening worries about energy supply.

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