{
  "id": 2147375,
  "title": "Oil surges nearly 3 per cent as US tightens pressure on Iran after Hormuz deal expires",
  "url": "https://urgent.news/2026/08/20/oil-surges-nearly-3-per-cent-as-us-tightens-pressure-on-iran-after-2147375",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T13:26:24.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/energy/2026/08/20/oil-surges-nearly-3-per-cent-as-us-tightens-pressure-on-iran-after-hormuz-deal-expires/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Oil prices surged nearly 3 per cent on Thursday, extending a five-day rally as the expiry of a US-Iran memorandum of understanding and renewed pressure from Washington raised fears of further supply disruptions. Brent crude, the global benchmark, rose 2.56 per cent to about $94 a barrel by 3.56pm UAE time, while West Texas Intermediate gained 2.57 per cent to $88.40. Prices climbed after US…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The National UAE",
        "title": "Gulf states push to break Iran deadlock and reopen Strait of Hormuz",
        "url": "https://urgent.news/2026/08/20/gulf-states-push-to-break-iran-deadlock-and-reopen-strait-of-hormuz",
        "published": "2026-08-20T12:40:40.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "Hormuz paradox: Why flowing oil could prolong Iran war",
        "url": "https://urgent.news/2026/08/20/hormuz-paradox-why-flowing-oil-could-prolong-iran-war",
        "published": "2026-08-20T13:31:36.000Z"
      }
    ]
  },
  "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."
}