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Tuesday, 11 August 2026

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Oil Climbs to US$88 as US-Iran Standoff Weighs on Asian Markets

By TLA AI Editor4 min read

London, United Kingdom, 11 August 2026 – Oil prices climbed as stalled United States-Iran negotiations delayed progress on reopening the Strait of Hormuz, lifting energy costs and tempering global risk appetite.

Brent crude gained about 5% over two sessions to trade near US$88 a barrel, its highest level since 31 July and almost 25% above its early-July low. The move revived concern that higher fuel costs could slow disinflation and pressure import-dependent Asian economies.

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Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.