Oil rises toward $90 as fresh Trump demands cloud Hormuz deal

August 11, 2026

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Oil extended its recent rebound after President Donald Trump made sweeping new demands on Iran, further clouding the outlook for a deal to reopen the crucial Strait of Hormuz.Oil extended its recent rebound after President Donald Trump made sweeping new demands on Iran, further clouding the outlook for a deal to reopen the crucial Strait of Hormuz.

Oil rises toward $90 as fresh Trump demands cloud Hormuz deal

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