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Coverage dated August 10, 2026 to August 11, 2026

Oil prices jump further as hopes for Hormuz deal fade

Headline from WFMZ Allentown

Oil prices extended a strong rally Tuesday as hopes for a reopening of the Strait of Hormuz fade, fanning fresh inflation fears and ramping up bets on at least one US interest rate hike this year.

WFMZ Allentown's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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Reports & sources

4 articles, oldest first.

  1. UPI

    Oil prices climb as doubts Strait of Hormuz will open anytime soon grow (opens UPI)

    Published

    UPI's feed description

    Commodity exchanges saw the oil price climb on fears a deal to end the standoff that has effectively closed the Hormuz Strait could be some time off.

  2. WFMZ Allentown

    Oil prices rise further as hopes for Hormuz deal fade (opens WFMZ Allentown)

    Published

    WFMZ Allentown's feed description

    Oil prices extended hefty gains Tuesday as hopes for a reopening of the Strait of Hormuz fade, fanning fresh inflation fears and ramping up bets on at least one US interest rate hike this year.

  3. WFMZ Allentown

    Oil prices jump further as hopes for Hormuz deal fade (opens WFMZ Allentown)

    Published

    WFMZ Allentown's feed description

    Oil prices extended a strong rally Tuesday as hopes for a reopening of the Strait of Hormuz fade, fanning fresh inflation fears and ramping up bets on at least one US interest rate hike this year.

  4. Cheddar

    Oil Surges as Hormuz Deal Starts to Look Less Certain (opens Cheddar)

    Published

    Cheddar's feed description

    U.S. oil climbed back above $82 a barrel as doubts grew over whether a deal to stabilize traffic through the Strait of Hormuz will actually hold.