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Oil rises to 3-week high as Iran war impasse fuels Middle East supply concerns

Oil prices climbed to three-week highs as uncertainty over the Iran conflict and Strait of Hormuz disruptions raised supply concerns. Brent rose 2.39% to $93.81, while WTI gained 2.89%. Both benchmarks headed for fifth consecutive sessions of gains.

20 Aug 2026 7:34 pm