Oil Prices Rise to $90 a Barrel Amid US-Iran Stalemate and Dwindling Hormuz Shipping

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International Relations

11 August 2026 at 6:15 pm

Oil Prices Rise to $90 a Barrel Amid US-Iran Stalemate and Dwindling Hormuz Shipping

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Summary

Oil prices have risen to $90 a barrel due to the ongoing stalemate between the U.S. and Iran, which has also led to a decline in commercial shipping through the Strait of Hormuz.

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