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Oil prices rise above $91 as Middle East tensions and stalled US-Iran talks weigh on markets

United StatesIran
First seen: Aug 19, 2026, 2:32 PM UTCUpdated: Aug 23, 2026, 6:31 AM UTC

Brent crude approaches or exceeds $91 per barrel, reaching its highest level in nearly four weeks. The headlines link the increase to rising Middle East tensions and stalled negotiations between the United States and Iran.

Sustained geopolitical tension and higher oil prices could increase energy costs and contribute to broader economic pressure.

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