Oil prices climb as Iran talks hit new impasse; Tui hit by high fuel costs ā business live | TheBriefWire
Oil prices climb as Iran talks hit new impasse; Tui hit by high fuel costs ā business live
Published 12 August 2026 Ā· finance
Brent crude prices hover near $90 per barrel, as fallout from Iran war hits travel firm Tuiās profits Good morning, and welcome to our rolling
Brent crude prices hover near $90 per barrel, as fallout from Iran war hits travel firm Tuiās profits Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil prices are still on the rise, as fresh attacks on ships raise concerns about disruptions to Middle Eastern fuel supplies, adding to doubts over the prospects of a US-Iran peace deal.
Yesterday, the rally in US crude paused for a minute after Pakistanās Defence Minister said that they were getting āclose to some sort of arrangementā, but the relief remained short-lived after Iran added that the Strait of Hormuz would remain closed until the conditions it demands from the US are met.
And the conditions that both parties demand from each other suggest that the problems wonāt be solved by tomorrow. 1.30pm BST US inflation data for
Published: August 12, 2026 ā¢ 12:41 PM IST Ā· Updated: August 12, 2026 ā¢ 1:10 PM ISTBy TheBriefWire Editorial Team
Key points
Brent crude prices hover near $90 per barrel, as fallout from Iran war hits travel firm Tuiās profits Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
Oil prices are still on the rise, as fresh attacks on ships raise concerns about disruptions to Middle Eastern fuel supplies, adding to doubts over the prospects of a US-Iran peace deal.
Yesterday, the rally in US crude paused for a minute after Pakistanās Defence Minister said that they were getting āclose to some sort of arrangementā, but the relief remained short-lived after Iran added that the Strait of Hormuz would remain closed until the conditions it demands from the US are met.
And the conditions that both parties demand from each other suggest that the problems wonāt be solved by tomorrow.
1.30pm BST US inflation data for July Continue reading...
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