Oil prices rise further as hopes for Hormuz deal fade

Oil prices have risen as negotiations to reopen the Strait of Hormuz have stalled. This is raising concerns about inflation and may lead the U.S. to increase interest rates.

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National story. 4 articles from 3 sources. Updated Aug 11, 2026.

Part of The US-Iran war: oil prices, gas prices and the market fallout

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CheddarLean Left· Aug 11, 2026

Oil Surges as Hormuz Deal Starts to Look Less Certain

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WFMZ AllentownCenter· Aug 11, 2026

Oil prices jump further as hopes for Hormuz deal fade

WFMZ AllentownCenter· Aug 11, 2026

Oil prices rise further as hopes for Hormuz deal fade

UPICenter· Aug 10, 2026

Oil prices climb as doubts Strait of Hormuz will open anytime soon grow

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