Oil Prices Climb as Trump Issues New Demands on Iran, Clouding Strait of Hormuz Deal

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Energy

11 August 2026 at 6:14 am

Oil Prices Climb as Trump Issues New Demands on Iran, Clouding Strait of Hormuz Deal

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Summary

Oil prices extended gains for a third day after US President Donald Trump issued new demands on Iran, creating uncertainty for a deal to reopen the Strait of Hormuz.

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