Oil prices rise amid Middle East tensions and Strait of Hormuz closure
Compare the reporting
Discrepancy in the status of diplomatic relations and military actions.
Open the listed sources to review each publisher’s original wording.
Story essentials
Global Oil Markets, Iran, USA
Global, Strait of Hormuz
August 18, 2026
Show 1 more
This page is produced by collecting and structuring multiple public reports. Sections based only on reporting or testimony affect the displayed assessment, and the page is updated when new information is identified.
About this article
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 28/19/2026, 4:00:20 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.
- Earlier version 18/19/2026, 12:40:18 AM
Read next
Prioritized by shared people, places, and events.
Global energy system resilience tested by Strait of Hormuz disruption
The Iran war disrupted oil and LNG supplies through the Strait of Hormuz. Global energy systems showed resilience through stockpiles, refinery flexibility, and rerouted supply chains. ASEAN countries are exploring a regional fuel reserve in response to the crisis.