The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
Aug 11, 2026
· 5 min read
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Oil climbs 2%, extending gains on dimming U.S.-Iran peace hopes
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Article Excerpt
Oil climbs 2%, extending gains on dimming U.S.-Iran peace hopes
REUTERS
PUBLISHED 3 HOURS AGO
UPDATED 1 HOUR AGO
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Oil prices rose more than 2 per cent on Tuesday to their highest in more than a week as ongoing disruption to Middle East energy flows and fading hopes for a U.S.-Iran peace deal heightened concern over global oil supplies.
Brent crude futures rose per cent2.09, or 2.38 per cent, to per cent89.81 a barrel by 5:52 a.m. ET. U.S. West Texas Intermediate …
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