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Oil prices hit three-week high on uncertainty over Strait of Hormuz

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Oil prices hit three-week high on uncertainty over Strait of Hormuz

Oil prices hit three-week high on uncertainty over Strait of Hormuz
High-resolution representative image supplied with the Business Standard RSS report.

Latest update

Brent crude futures climbed 54 cents, or 0.59%, to $91.56 by 1157 GMT, while US West Texas ‌Intermediate crude futures were up 59 cents, or 0.69%, ​to $85.53 a barrel.

The report was published on Wed, 19 Aug 2026 19:39:36 +0530 and is attributed to Reuters. Prime Today News is presenting this source-attributed update so readers can understand the central development and follow the original reporting for complete context.

Why it matters

The story has implications beyond the immediate announcement, potentially affecting diplomacy, trade, security or people across borders. Fast-moving international events often produce competing claims.

As with any developing story, the significance may change as more facts become available. Dates, figures and quoted positions should be read in the context of the source publication time.

What to watch

Official statements, independently verified reporting and responses from the parties involved will provide the clearest indication of what happens next.

Prime Today News recommends relying on official releases and primary documents where decisions involving money, health, travel, law or personal safety are concerned.


Source: Read the original Business Standard report.

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