Oil rises as doubts over US-Iran deal heighten supply concerns

Oil prices rose on ​Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships ‌fuelled concerns about Middle East supply disruptions, even as industry data showed U.S. crude inventories expanded.

Aug 12, 2026 - 06:00
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Oil rises as doubts over US-Iran deal heighten supply concerns
Oil prices rose on ​Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships ‌fuelled concerns about Middle East supply disruptions, even as industry data showed U.S. crude inventories expanded.

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