Oil Prices Rise Towards $90 Amid New Trump Demands on Iran, Clouding Hormuz Deal

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Oil Market

11 August 2026 at 10:15 pm

Oil Prices Rise Towards $90 Amid New Trump Demands on Iran, Clouding Hormuz Deal

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Summary

Oil prices rose towards $90 after President Donald Trump issued new demands on Iran, which further complicated the prospects for a deal to reopen the critical Strait of Hormuz.

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