Brent’s price zigzagged between $72 and $102 last month as hopes rose and fell that the United States and Iran could reach an agreement to end hostilities and the threat to oil tankers in the strait.
—
ABC News,
ABC News,
28 Aug. 2026
The administration, including Secretary of State Marco Rubio, argued the war was over with a ceasefire and that hostilities then resumed.
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