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Oil prices head for second weekly rise as U.S. vows to turn up economic pressure on Iran

Oil prices eased Friday but remained on track for a second straight weekly gain as hopes of a swift reopening of the Strait of Hormuz faded to near-zero.

Oil prices head for second weekly rise as U.S. vows to turn up economic pressure on Iran

Published August 21, 2026 · Category: Finance

Overview

Oil prices eased Friday but remained on track for a second straight weekly gain as hopes of a swift reopening of the Strait of Hormuz faded to near-zero.

Source

Originally published at www.cnbc.com.

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