Oil prices steady after sharp gains on fading Hormuz deal hopes

🌐 Investing.com (CY) — 2026-08-11

Oil prices remained steady after significant gains due to diminishing hopes for a deal affecting the Hormuz Strait. Market uncertainty persists around geopolitical tensions impacting energy supply routes.

Politics Markets Commodities Energy Shipping Oil prices Hormuz Strait Energy markets Geopolitical tension Middle East Commodity prices

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Oil prices steady after sharp gains on fading Hormuz deal hopes

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