Geopolitics23 August 2026
Iran Strait of Hormuz stalemate lifts oil prices despite flow resumption
via CNBC
Oil rose on Monday as Middle East diplomacy stalled, though the absence of major supply outages capped gains. Brent traded near $89 and WTI near $83. Analysts warn that continued flows through Hormuz may paradoxically prolong the conflict into 2027, keeping geopolitical risk premium embedded in crude prices.
Original source
CNBC
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