A Prolonged Hormuz Closure Could Send Crude to $140 As U.S.-Iran Deal Remains Elusive
- Posted on August 12, 2026
- By International Business Times
- 0 Views
- 1 min read
In brief
Generating AI summary…
A Prolonged Hormuz Closure Could Send Crude to $140 As U.S.-Iran Deal Remains Elusive
Oil prices remain far below the surge above $100 a barrel last month and the peak of more than $110 reached in May, but analysts say the relative calm may become increasingly difficult to sustain.
