Saturday 8 August 2026 07:30 UTC
Hormuz Talks Drag On as Oil, War and Market Risks Build
In the 24 hours ending 8 August at 07:30 UTC, Hormuz talks continued without final approval. Donald Trump, the US president, said negotiations were moving forward. Iran still sought control over ship entry, new fees and added restrictions. Brent crude rose above $83 a barrel.
ADNOC, an oil and gas company, said attacks had hit 15 of its vessels. Three attacks happened this week. The attacks killed one crew member and injured 20. Higher insurance and freight costs have discouraged some ships from entering the Persian Gulf.