ENERGYSTORY 517· AUGUST 11, 2026

Oil crosses $83 a barrel as Iran holds Strait of Hormuz closure terms over market

U.S. crude oil climbed above $83 a barrel after Iran declared the Strait of Hormuz would remain closed until its conditions are satisfied. The Strait of Hormuz is a narrow waterway connecting the Persian G

NDNewsDialy Desk2 MIN READ

SOURCE

cnbc.com

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