Oil surges back to $85 per barrel as Hormuz deal remains elusive
The National · 10 Aug 2026

Oil surges back to $85 per barrel as Hormuz deal remains elusive

Oil prices rose on Friday, surging back to $85 per barrel as a deal to reopen the Strait of Hormuz remains elusive, while Houthi rebels continue to launch attacks on Saudi Arabia’s oil infrastructure. Brent, the benchmark for two thirds of the world's oil, was up 1.77 per cent to $85.03 per barrel a


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