Finance·Aug 18, 2026
Crude Jumps Above $90 as Hormuz Standoff Deepens
Brent settles at $90.87 amid diplomatic deadlock between Washington and Tehran, while Strategic Petroleum Reserve hits four-decade low
By Priyanka V. Rao · 3 min ·
Every BriefAsia story tagged Energy Security, newest first.

Brent settles at $90.87 amid diplomatic deadlock between Washington and Tehran, while Strategic Petroleum Reserve hits four-decade low

Benchmark crude gained 2.65% Monday while diplomatic efforts between Washington and Tehran remain frozen, with shipping through the critical strait down sharply over the weekend.