{
  "id": 1063939,
  "title": "Oil climbs over $1 on tanker attacks; no progress on peace",
  "url": "https://urgent.news/2026/08/14/oil-climbs-over-1-on-tanker-attacks-no-progress-on-peace",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-14T21:00:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/731131/business/oil-climbs-over-1-on-tanker-attacks-no-progress-on-peace"
  },
  "original_language": "en",
  "account": "Oil futures surged past $1 per barrel on Friday, driven by tanker attacks and the absence of progress on a peace deal between the Trump administration and Iran. Brent crude settled at $88.52 per barrel, while US West Texas Intermediate crude closed at $82.40 per barrel. Over the week, Brent rose 5.9%, and WTI increased by 5.4%. Two vessels belonging to Abu Dhabi National Oil Company were targeted while sailing through the Strait of Hormuz on Thursday, a move the United Arab Emirates government denounced as an Iranian attack. The US administration stated it could sustain a naval blockade of Iran indefinitely and intensify economic pressure on Tehran in response to ongoing ceasefire negotiations. Asia's LNG spot prices jumped last week as optimism waned for a swift reopening of the Strait of Hormuz following the US threat of a permanent naval blockade. The September LNG price for northeast Asian deliveries averaged $21.30 per million British thermal units, up from $21.10 per mmBtu the previous week. Fundamentally, the supply outlook remains unchanged, with only a few Gulf shipments navigating through, but not enough to make a significant difference. Demand in northeast Asia remains subdued, and US LNG is playing a crucial role in meeting the shortfall. Analysts noted that European gas market conditions are expected to stay challenging due to LNG terminal upkeep in France and Norway until September.",
  "summary": "OilCrude oil futures climbed over $1 a barrel on Friday amid tanker attacks and a lack of progress on a peace agreement between the Trump administration and Iran's leadership.Brent crude futures ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Oil climbs over $1 on tanker attacks, no progrees on peace",
        "url": "https://urgent.news/2026/08/14/oil-climbs-over-1-on-tanker-attacks-no-progrees-on-peace-900878",
        "published": "2026-08-14T11:01:55.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Oil climbs over $1 on tanker attacks, no progrees on peace",
        "url": "https://urgent.news/2026/08/14/oil-climbs-over-1-on-tanker-attacks-no-progrees-on-peace",
        "published": "2026-08-14T19:24:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}