U.S. oil price hits $80 as doubt grows Washington and Tehran will reach Strait of Hormuz deal

Aug 10, 2026 - 10:25

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U.S. oil price hits $80 as doubt grows Washington and Tehran will reach Strait of Hormuz deal

Oil rose as traders assess mixed signals from the U.S. and Iran amid worries that a deal to open the Strait of Hormuz may not come anytime soon.

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