CNBC Markets · Aug 11, 2026 09:12 UTC

U.S. oil tops $84 as Hormuz deal hopes dwindle and deadlock deepens

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U.S. oil tops $84 as Hormuz deal hopes dwindle and deadlock deepens

Summary

U.S. crude is back above $84 as last week's anticipation of a U.S.-Iran deal dissipates.

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