Oil prices rise amid Middle East tensions and Strait of Hormuz closure
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Discrepancy regarding the status of the Strait of Hormuz and diplomatic negotiations.
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Global Oil Markets, Iran, USA
Global, Strait of Hormuz
August 18, 2026
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COMPAMIR Editorial Team
The COMPAMIR editorial team brings together public reporting and links to the original coverage. We update the page as new information emerges.
Read our editorial policy- Earlier version 18/19/2026, 12:40:18 AM
Oil prices reached their highest level since July 24 on August 18. Iran signaled a more offensive military posture and the Strait of Hormuz remains closed. The US ruled out extending a ceasefire with Iran.
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