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[MARKET UPDATE] Gradual strength in Energy futures sees Brent nearing USD 93/bbl (+1.30/bbl on the day) after a slew of hostile Houthi/Iranian commentary

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Brent crude climbed toward $93/bbl on August 20, 2026, as Houthi forces threatened all Saudi Aramco infrastructure and Iran asserted total control over the Strait of Hormuz amid stalled U.S. negotiations.

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Geopolitics

Iranian Supreme Leader adviser Rezaei says "The best response to Trump's escalation of economic warfare is to withdraw from the NPT [Nuclear Non-Proliferation Treaty]."

Geopolitics

US President Trump "told his negotiating team that the chances of an agreement with Iran have become slim", Al Arabiya reports, citing sources

Geopolitics

Yemeni sources report that Houthis is preparing to enter a new phase of escalation against Saudi Arabia, Tasnim reports