{
  "id": 528832,
  "title": "Oil steadies near one-week highs as US-Iran peace deal hopes dim",
  "url": "https://urgent.news/2026/08/11/oil-steadies-near-one-week-highs-as-us-iran-peace-deal-hopes-dim-528832",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T02:34:00.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/oil-steadies-near-one-week-highs-as-us-iran-peace-deal-hopes-dim/"
  },
  "original_language": "en",
  "account": "Oil prices remained steady near their one-week highs on Tuesday, as fading hopes of a U.S.-Iran peace deal to end their conflict and reopen the Strait of Hormuz persisted. The U.S. and Iran have been at odds since Iran fired rockets at bases housing U.S. forces in Iraq in January. President Donald Trump demanded compensation from Iran for the damage caused in the U.S., which is expected to complicate any agreement. Brent crude futures hovered at $87.81 a barrel, while U.S. West Texas Intermediate crude stayed at $82.20 a barrel. Both prices surged over 5% on Monday, reaching their highest levels since July 31. Analysts noted that the gap between the U.S. and Iran's demands for any deal is significant, causing some optimism to dissipate and oil prices to decline. Saudi Aramco has also delayed the restart of its Jazan refinery, which can produce 400,000 barrels per day, until August 30 due to recent Houthi attacks. Experts warn that the threat of further attacks and the control of the Strait of Hormuz by the U.S. keep shipping costs high, limiting oil flows and keeping energy prices elevated.",
  "summary": "Oil prices steadied on Tuesday at more than one-week highs amid fading hopes of a deal between the U.S. and Iran to end their war and reopen the Strait of Hormuz",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "Live Mint",
        "title": "US-Iran war LIVE: Trump lashes out at Iran over compensation, makes sweeping new demands amid Hormuz deal cloud",
        "url": "https://urgent.news/2026/08/11/us-iran-war-live-trump-lashes-out-at-iran-over-compensation-makes",
        "published": "2026-08-11T00:03:31.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Oil steadies near one-week highs as US-Iran peace deal hopes dim",
        "url": "https://urgent.news/2026/08/11/oil-steadies-near-one-week-highs-as-us-iran-peace-deal-hopes-dim",
        "published": "2026-08-11T00:40:27.000Z"
      },
      {
        "outlet": "Toronto Sun",
        "title": "Contradicting public statements, Trump took secret flight from Turkey amid Iranian threat",
        "url": "https://urgent.news/2026/08/11/contradicting-public-statements-trump-took-secret-flight-from-turkey",
        "published": "2026-08-11T01:36:10.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Oil steadies near one-week highs as US-Iran peace deal hopes dim",
        "url": "https://urgent.news/2026/08/11/oil-steadies-near-one-week-highs-as-us-iran-peace-deal-hopes-dim-524869",
        "published": "2026-08-11T02:46:20.000Z"
      },
      {
        "outlet": "ABC News (US)",
        "title": "Trump reportedly used catering truck to sneak off Air Force One amid Iranian threats",
        "url": "https://urgent.news/2026/08/11/trump-reportedly-used-catering-truck-to-sneak-off-air-force-one-amid",
        "published": "2026-08-11T03:40:41.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "Oil prices reach $90 a barrel as hopes weaken for US-Iran deal",
        "url": "https://urgent.news/2026/08/11/oil-prices-reach-90-a-barrel-as-hopes-weaken-for-us-iran-deal",
        "published": "2026-08-11T10:03:08.000Z"
      },
      {
        "outlet": "Semafor",
        "title": "US-Iran peace talks at impasse as Trump calls for reparations",
        "url": "https://urgent.news/2026/08/11/us-iran-peace-talks-at-impasse-as-trump-calls-for-reparations",
        "published": "2026-08-11T11:18:24.000Z"
      },
      {
        "outlet": "Moneyweb",
        "title": "Oil erases gain as Pakistan signals optimism on US-Iran deal",
        "url": "https://urgent.news/2026/08/11/oil-erases-gain-as-pakistan-signals-optimism-on-us-iran-deal",
        "published": "2026-08-11T13:32:36.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Oil rises as doubts over US-Iran deal heighten supply concerns",
        "url": "https://urgent.news/2026/08/12/oil-rises-as-doubts-over-us-iran-deal-heighten-supply-concerns-633633",
        "published": "2026-08-12T03:54:00.000Z"
      }
    ]
  },
  "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."
}