Oil steadies near one-week highs as US-Iran peace deal hopes dim

🇺🇸 Channel NewsAsia (US) — 2026-08-11

Oil prices stabilized near one-week highs as hopes for a US-Iran peace deal diminished, impacting market sentiments. The situation underscores ongoing geopolitical tensions influencing energy supply expectations.

Politics Markets Commodities Energy Shipping oil prices US-Iran relations peace deal energy markets geopolitics

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Oil steadies near one-week highs as US-Iran peace deal hopes dim

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