The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
Aug 17, 2026
· 3 min read
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Oil struggles for direction as U.S.-Iran talks stall, Hormuz shipping slows
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Article Excerpt
Oil struggles for direction as U.S.-Iran talks stall, Hormuz shipping slows
REUTERS
PUBLISHED 1 HOUR AGO
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Oil prices gave up early gains on Monday as stalled U.S.-Iran talks revived concerns over prolonged Middle East tensions, but the absence of major supply outages limited upside.
Brent crude futures rose as much as 1 per cent to US$89.40 per barrel but were last trading down 24 US cents at US$89.28. The U.S. West Texas Intermediate crude futures fell 67 US ce…
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Aug 17, 2026