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Oil rises above $90 amid deadlock over the Strait of Hormuz
IranOmanUnited Arab EmiratesSaudi ArabiaKuwaitQatarIraq
First seen: Aug 19, 2026, 4:02 AM UTCUpdated: Aug 19, 2026, 4:02 AM UTC
WHAT HAPPENED
Oil prices rose above $90 per barrel against the backdrop of a deadlock concerning the Strait of Hormuz. The headline does not provide further details about the nature or effects of the deadlock.
SO WHAT?
The Strait of Hormuz is a major oil transit route, so developments there can create broader energy-market and supply risks.
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