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Latest Oil Market News and Analysis for Aug. 11

Bloomberg Markets Monday 10 August 2026, 22:02 UTC By Bloomberg News 1 min read
Key Points

Oil Holds Three-Day Gain as Trump Demands Cloud Hormuz Outlook Oil held a three-day gain after President Donald Trump made sweeping new demands on Iran, clouding the outlook for a deal to reopen the crucial Strait of Hormuz. West Texas Intermediate traded near $82 a barrel after closing 5.1% higher in the previous session. Brent settled below $88.

Oil Holds Three-Day Gain as Trump Demands Cloud Hormuz Outlook Oil held a three-day gain after President Donald Trump made sweeping new demands on Iran, clouding the outlook for a deal to reopen the crucial Strait of Hormuz. West Texas Intermediate traded near $82 a barrel after closing 5.1% higher in the previous session. Brent settled below $88. Trump demanded compensation from Iran for all the people they have killed in conflicts after Tehran reiterated requests for reparations as part of talks to wind down the conflict.
Latest Oil Market News (ORG) Trump Demands Cloud Hormuz Outlook Oil (ORG) Donald Trump (PERSON) Iran (LOCATION) Strait (LOCATION) Hormuz (LOCATION) West Texas Intermediate (ORG) Brent (PERSON) Tehran (LOCATION)
Originally published by Bloomberg Markets Read original →

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