# Oil steadies near one-week highs as hopes for US-Iran peace deal fade

https://mins.news/en/item/18744

- Reuters, 2026-08-11 05:05 UTC
- Economy
- Original: https://www.reuters.com/business/energy/oil-steadies-near-one-week-highs-us-iran-peace-deal-hopes-dim-2026-08-11/?link_source=ta_bluesky_link&taid=6a7aad8423601a0001220de3

> Oil prices held near their highest level in more than a week on Tuesday. Hopes are fading for an agreement between the United States and Iran that would end their war and reopen the Strait of Hormuz. President Donald Trump has demanded compensation for damage incurred by the United States. His demand has added to doubts about whether a deal can be reached and the waterway reopened.

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