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strikeAug 18, 2026

OPINION | Oil market starts pricing in a prolonged Hormuz crisis

Summary

The oil market is increasingly behaving as though disruptions to Middle East energy supplies are not a temporary shock but a new reality, writes Ron Bousso. - For more financial news, visit News24 Business. Nearly six months after war erupted between the US and Iran, hopes for a diplomatic breakthrough have faded.

Source: Ron Bousso — Read the full report

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  • Ron BoussoBy Ron Bousso

    The oil market is increasingly behaving as though disruptions to Middle East energy supplies are not a temporary shock but a new reality, writes Ron Bousso. - For more financial news, visit News24 Business. Nearly six months after war erupted between the US and Iran, hopes for a …

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Indirect US-Iran talks concluded without a deal, according to reports. The United States and Israel launched a military campaign against Iran in late February, which disrupted global energy supplies and shipping through the Strait of Hormuz. Media reports suggest Washington could resume strikes after the November 3 midterm elections, following repeated threats from US President Donald Trump.

Location: Iran