Brent crude rose early Tuesday as prospects for a quick Strait of Hormuz reopening deteriorated.
WHO:Oil traders and analysts
WHAT:Brent crude futures rose after signals an agreement to reopen the Strait of Hormuz faded.
WHEN:Aug 11, 2026
WHERE:Location not specified
WHY:Prospects for an agreement to unblock the Strait of Hormuz deteriorated as Tehran insisted Washington meet conditions and Washington signaled reliance on economic pressure.
