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Latest Oil Market News and Analysis for Aug. 25

Bloomberg Markets Monday 24 August 2026, 22:02 UTC By Nicholas Lua 1 min read
Key Points

Oil Steadies as US Plan Offers Little Clarity on Hormuz Deadlock Oil held a decline as the US ramped up economic pressure on Iran and its trading partners in a bid to force the resumption of energy flows through the Strait of Hormuz. West Texas Intermediate traded near $85 a barrel, after falling more than 2% in the previous session, while Brent closed at around $92. Countries will face a specific timeline to shut down links with Iran or face unilateral punishment, Treasury Secretary Scott...

Oil Steadies as US Plan Offers Little Clarity on Hormuz Deadlock Oil held a decline as the US ramped up economic pressure on Iran and its trading partners in a bid to force the resumption of energy flows through the Strait of Hormuz. West Texas Intermediate traded near $85 a barrel, after falling more than 2% in the previous session, while Brent closed at around $92. Countries will face a specific timeline to shut down links with Iran or face unilateral punishment, Treasury Secretary Scott Bessent said on Monday as part of what he called an “economic D-Day” campaign.
Latest Oil Market News (ORG) US Plan Offers (ORG) Little Clarity (ORG) US (LOCATION) Iran (LOCATION) the Strait of Hormuz (LOCATION) West Texas Intermediate (ORG) Brent (PERSON) Treasury (ORG) Scott Bessent (PERSON)
Originally published by Bloomberg Markets Read original →

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