Friday, 07 August 2026 · World
USD/EUR 0.8673 USD/GBP 0.743 USD/JPY 158.2 USD/CNY 6.763 All rates →
RSS
EUROS The World Financial Report
Nº 27 Friday, 07 August 2026 · World Edition
LATEST
Asia

Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s why

Markets-Economic Times · 1h ago · 🇮🇳 India
Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s why

Oil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and imposing penalties for violations. Crude oil prices saw increases on Thursday and Friday. Analysts warn of significant price hikes if disruptions continue for months. Supply outside the conflict zone is expected to expand, cooling prices later.

Read the full story at Markets-Economic Times →