Oil Prices Rise As Strait Of Hormuz Attacks Spur Supply Fears
Global oil benchmarks climbed on Wednesday, August 12, 2026, driven by fresh maritime attacks on cargo vessels in the Strait of Hormuz and Bab el-Mandeb Strait, alongside a stalled diplomatic track between the United States and Iran that heightened fears of enduring Middle East supply disruptions. Crude prices extended their upward trajectory in volatile Wednesday … Read more