Crude Oil is trading 3.14% up at $87.04 after the U.S.-Iran truce expired without an extension, intensifying fears that conflict will disrupt Middle Eastern supplies and shipping through the Strait of Hormuz.
- Reuters reported August 20, 2026, that oil reached three-week highs as the Iran-war impasse threatened continued supply disruptions.
- The move extends Crude Oil’s recent multi-session advance and reflects geopolitical risk rather than broad equity-market strength.