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Line chart showing WTI crude oil easing to $85.46 a barrel after new US sanctions on Iran in August 2026.

WTI crude eased to $85.46 Tuesday, below the $87.06 high touched the previous Friday, even after the US Treasury announced the broadest Iran sanctions campaign of the six-month conflict, targeting shipping, oil, gold, crypto and aviation networks. Oil markets are treating the measures as financial pressure on Tehran rather than a physical supply disruption, which is why prices pulled back instead of spiking. China buys roughly 90 percent of Iran's oil exports, so a formal move against Chinese buyers, not another announcement, is the marker that would flip that reading.

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 falling over three sessions in late August 2026 despite new Iran sanctions.

Oil has fallen for three straight sessions despite Washington unveiling its most sweeping Iran sanctions campaign on record, because the…

Oil Fell After the Toughest Iran Sanctions Ever. The Chain That Explains Why Runs Through a Shipping Corridor, Not the Sanctions List.

August 26, 2026

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Weekly line chart of WTI crude oil prices from January to August 2026, up nearly 29 percent amid Hormuz tensions.

Oil prices climbed after the 60-day US-Iran ceasefire agreement over the Strait of Hormuz expired Monday without extension, followed by an…

WTI Rises as the Hormuz Ceasefire Deadline Passes

August 18, 2026

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Line chart showing Brent crude oil prices falling below $87 after five consecutive sessions of gains.

Brent crude fell 2.18% to $87.04 Thursday, snapping a five session winning streak that had carried it from $79.36 on August 4 to a high of $88.98 on August 12.

Oil Fell This Week. The Hormuz Rhetoric Didn't.

August 14, 2026

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Line chart showing Brent crude oil's daily closing price reversing higher in early August 2026.

Iran's foreign minister set new preconditions for reopening the Strait of Hormuz, demanding sanctions relief and war reparations before any deal takes effect.

Iran Just Told the Market What the June MOU Actually Requires. The Market Priced Something Else.

August 10, 2026

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Line chart of WTI crude oil prices from July 8 to July 28, 2026, marked with Middle East escalation and de-escalation events.

A claimed strike on Saudi Arabia's East-West Pipeline, the route built specifically to move crude around the Strait of Hormuz, landed the…

The Pipeline Built to Bypass Hormuz Risk Just Became a Target

July 28, 2026

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Bar chart comparing trailing one-month price moves in oil, gold and TSX stocks as of July 24, 2026.

The move followed Houthi strikes on two Saudi oil tankers in the Red Sea, opening a shipping corridor disruption separate from the ongoing Strait of Hormuz standoff.

The Houthis Just Opened a Second Chokepoint. Markets Are Not Pricing It Yet.

July 24, 2026

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