Key Facts
USO fell 1.8% the WTI-tracking fund closed at US$132.21 on Monday, August 24, 2026 as traders took profits on last week’s jump following Washington’s new Iran sanctions campaign.
Petrobras slid 2.87% the Brazilian producer’s New York shares settled at US$18.60 even as the company highlighted Tupi field output of about 1 million barrels per day.
Iran blacklisted 45 tankers the Strait of Hormuz standoff threatens fines, detention and cargo confiscation on vessels tied to two of the Gulf’s biggest oil producers.
Houthis hit a Saudi tanker the Bahri-owned Amzan was targeted by a ballistic missile and drones off Yanbu in the Red Sea on Monday.
