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Line chart showing Brent crude trading in a range around 89 dollars a barrel through mid-August 2026 amid an expiring Strait of Hormuz ceasefire.

Brent crude has traded in a range without a sustained break in either direction over the past month, even as two Strait of Hormuz deadlines expire today: an interim US-Iran ceasefire and a related 60-day toll suspension. The toll authority remains under US sanctions, so a resumed charge could not legally be paid by Western-linked shippers regardless of today's expiry. One tanker has already completed what trackers describe as the first confirmed sanctions-evasion voyage under the reimposed blockade.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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Line chart showing WTI crude oil prices near 75 dollars a barrel amid a fragile Hormuz Strait deal.

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