{
  "id": 1382640,
  "title": "Oil treads water as US-Iran peace talks stall, Hormuz shipping slows",
  "url": "https://urgent.news/2026/08/17/oil-treads-water-as-us-iran-peace-talks-stall-hormuz-shipping-slows",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T00:40:38.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1512717/oil-treads-water-us-iran-peace-talks-stall-hormuz-shipping-slows"
  },
  "original_language": "en",
  "account": null,
  "summary": "Oil prices remained relatively stable on Monday as tanker traffic in the Strait of Hormuz slowed due to ongoing US-Iran tensions, with no peace deal in sight to resolve the conflict. Brent crude futures rose 20 cents to $88.72, while US West Texas Intermediate crude fell five cents to $82.35, both showing gains of over five percent last week following attacks on tankers and a Saudi Aramco refinery. Iranian Foreign Minister Abbas Araqchi stated that Iran had not decided to resume talks with the US, while US President Donald Trump encouraged Americans to accept slightly higher gasoline prices amid the ongoing conflict. Shipping through the strait slowed over the weekend, with only five vessels transiting on Saturday and none on Sunday, according to Kpler data.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}