{
  "id": 1391083,
  "title": "Oil largely unchanged as US-Iran peace talks stall, Hormuz shipping slows",
  "url": "https://urgent.news/2026/08/16/oil-largely-unchanged-as-us-iran-peace-talks-stall-hormuz-shipping",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-16T22:49:14.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-largely-unchanged-us-iran-peace-talks-stall-hormuz-shipping-slows"
  },
  "original_language": "en",
  "account": "Brent crude futures rose marginally to US$88.72 on Monday as oil prices remained largely unchanged, despite the ongoing US-Iran conflict and slow shipping through the Strait of Hormuz. The Strait of Hormuz, a crucial shipping route, saw a decrease in tanker traffic over the weekend due to attacks on tankers. Meanwhile, US West Texas Intermediate crude futures fell slightly to US$82.35 per barrel.",
  "summary": "Brent crude futures climb 0.2% to US$88.72 by 2350 GMT",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Live Mint",
        "title": "Petrol and diesel prices today — Aug 16: Latest fuel rates in Delhi, Mumbai, Bengaluru amid US-Iran deadlock on Hormuz",
        "url": "https://urgent.news/2026/08/16/petrol-and-diesel-prices-today-aug-16-latest-fuel-rates-in-delhi",
        "published": "2026-08-16T03:05:43.000Z"
      }
    ]
  },
  "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."
}