Tuesday, August 11, 2026

Business News

Oil prices stabilise at more than one-week highs

Oil prices stabilised today at their highest levels in more than a week, amid fading hopes of an agreement between the United States and Iran to end their conflict and reopen maritime navigation in the Middle East.

Oman News Agency

info@thearabianstories.com

Tuesday, August 11, 2026

SINGAPORE : Brent crude futures settled at $87.81 a barrel, while US West Texas Intermediate crude futures settled at $82.20.

Both benchmarks rose by more than 5 percent yesterday, reaching their highest levels since July 31.

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