CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / World Business

Oil prices steady as investors assess Hormuz shipping security

Published: 20 Aug 2026 - 09:59 am | Last Updated: 20 Aug 2026 - 10:01 am
Representational image

Representational image

QNA

Singapore: Oil prices held steady in early trade on Thursday as investors assessed the outlook for the US-Iran war and the security of shipping through the Strait of Hormuz.

Brent crude futures for October delivery rose 25 cents, or 0.3%, to $91.87 a barrel, while US West Texas Intermediate (WTI) crude futures for September slipped 2 cents to $85.81 a barrel.

The more active October WTI contract gained 14 cents, or 0.2%, to $84.53.

Both benchmarks gained for a fourth straight session on Wednesday, settling at their highest since July 24.