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Oil Prices Steady as Investors Assess US-Iran War Outlook
Brent and West Texas Intermediate crude held near recent highs as traders weighed U.S.-Iran tensions and a slowdown in shipping through the Strait of Hormuz.
- On Thursday, oil prices steadied as investors assessed the outlook for the Iran war and the security of shipping through the Strait of Hormuz.
- Shipping through the Strait slowed on Wednesday as owners avoided the waterway, despite President Donald Trump claiming on Tuesday that the passage remained open.
- Crude inventories rose 4.4 million barrels for the week ended August 14, the Energy Information Administration reported, exceeding estimates for a 600,000-barrel draw.
- Amid regional tensions, the United Arab Emirates suspended all financial and economic transactions with Iran, even as Iran maintains the waterway remains shut.
- Nissan Securities Investment strategist Hiroyuki Kikukawa expects a gradual price increase, noting the market lacks momentum without major escalation despite sporadic Middle East attacks.
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The price of oil rose on August 20, 2026. WTI crude oil reached 86.45 dollars per barrel, an advance of 2.42%. Brent, for its part, reached 88.99 dollars, with an increase of 1.83%. During the day, WTI recorded a minimum of 84.25 dollars and a maximum of 87.69 dollars. In the last 52 weeks, its contribution has ranged between 54.98 and 117.63 dollars per barrel. This behavior occurs amid tensions between the United States and Iran through the St…
Oil prices stabilized in early trading on Thursday, 20 August, as investors assess the prospects for war between the United States and Iran and safety of navigation through the Strait of Hormuz.
·Kyiv, Ukraine
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Total News Sources17
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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