Crude oil prices approached $95 on August 21 as hopes for an Iran peace deal diminished, with geopolitical uncertainties driving market volatility, experts warn.
The ongoing deadlock in the US-Iran war continues to disrupt oil supplies
Aug 21, 2026
09:46 am
What's the storyOil prices remained stable on Friday, but are on track for a second consecutive weekly gain.
The ongoing deadlock in the US-Iran war continues to disrupt oil supplies from the key Middle East producing region.
An earlier peace deal between the sides expired this week, with neither side making efforts to resume talks. U.S. President…
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