Oil rises as uncertainty continues over reopening of Strait

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.

Aug 10, 2026 - 06:00
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Oil rises as uncertainty continues over reopening of Strait
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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