# Oil Holds Gains as Pakistan Says US and Iran Near Hormuz Deal

https://mins.news/en/item/19842

- Bloomberg News, 2026-08-12 07:30 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-08-11/latest-oil-market-news-and-analysis-for-aug-12?link_source=ta_bluesky_link&taid=6a7c2109325a7500012a85c8

> Pakistan says the United States and Iran are close to reaching an agreement concerning the Strait of Hormuz. Oil prices nevertheless held their gains after rising for a sixth consecutive day. Investors remain skeptical that a deal would quickly restore energy flows through the strategic waterway. The uncertainty around the potential arrangement continues to shape energy-market expectations.

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