Home/ Crypto News/ Crude Oil Surges to Three-Week Peak Amid Ongoing Iran Conflict and Hormuz Blockade

blockonomi Aug 20, 2026

Crude Oil Surges to Three-Week Peak Amid Ongoing Iran Conflict and Hormuz Blockade

Stocks

Oil prices hit three-week highs with Brent at $92.82 and WTI at $86.75 as Iran conflict disrupts Hormuz shipping and Trump threatens major sanctions.

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Source: Source: Blockonomi