Oil climbs as fading US-Iran peace hopes raise supply risks

article author: REUTERS Tue, 2026-08-18 09:29 BENGALURU: Oil prices rose on Tuesday as prospects receded for a deal to end the Middle ‌East war , with Iran saying it would adopt a more offensive stance and the US ruling out extension of a ceasefire deal, heightening worries about energy supply. Iran will shift to a “fully offensive” military posture as efforts have stalled toward a permanent end to the war, a ​senior Iranian official told Reuters on Monday, as Washington ruled out extending their temporary ceasefire pact. Main category: Business & Economy Energy Tags: War in Iran energy Donald Trtump Strait of Hormuz
2026-08-18 06:59:44