Vahid Online in English

Automated AI translations of Vahid Online reporting. Exported from the Telegram Channel. Original content also available on X/Twitter.

← Back to latest feed

10 Aug 2026, 19:28

On Monday, August 19, the price of oil increased by about 5% following discussions about compensation between Iran and the United States and diminishing hopes for the reopening of the Strait of Hormuz.

Iran has stated that the U.S. must lift the sanctions imposed on Tehran and accept several other conditions for the reopening of this vital waterway. In response, Donald Trump, the President of the United States, said Iran must pay compensation for "all the people it has killed or severely injured."

The price of a barrel of Brent crude oil ended trading at $87.72, an increase of $4.17, or 4.99%. West Texas Intermediate crude oil also rose by $3.95, or 5.05%, closing at $82.13 per barrel.

The percentage increase in the prices of both oil benchmarks is the highest since August 7.

Both oil benchmarks had decreased by more than 7% last week, as hopes grew for a potential agreement between Iran and Oman that could lead to the reopening of the Strait of Hormuz.
@VahidHeadline
📡 @VahidOnline

Mapped locations (4)

Map data © OpenStreetMap contributors