Friday, 21 August 2026 · World
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EUROS The World Financial Report
Nº 41 Friday, 21 August 2026 · World Edition
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Commodities

Oil Prices Head for Second Straight Weekly Gain as Iran Risks Mount

Oilprice.com · 1h ago · 🇺🇸 United States
Oil Prices Head for Second Straight Weekly Gain as Iran Risks Mount

Crude oil prices were on course to book a second consecutive weekly gain as the prospects of peace in the Middle East dimmed further amid U.S. threats of the “toughest sanctions in history” against Iran and continued Ukrainian drone attacks on Russian refineries. At the time of writing, Brent crude was trading at $93.50 per barrel, and West Texas Intermediate was trading at $86.43 per barrel. The price climb followed a Wednesday social media statement by President Trump that the U.S. is preparing “Economic Warfare and Isolation…

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