Market AnalysisIMPORTANTAugust 17 at 05:41 AM

[MARKET UPDATE] Crude futures see modest upticks despite a lack of fresh drivers, with focus on the US-Iran MoU expiry; Brent Oct'26 now above USD 89.50/bbl vs USD 88.01/bbl low

StockNow breaking-news AI analysis

Brent crude climbed above $89.50 as the 60-day US-Iran MoU faces expiry. Diplomatic deadlock over the Strait of Hormuz has renewed supply risks and global inflation concerns among investors.

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Today's market highlights

A selection of stories drawing attention in the market.

Geopolitics

Al-Arabiya sources said the 60-day period between Iran and the US has been extended [details light]

Politics

US President Trump posts "The number one Goal is, and always will be, that Iran cannot have, in any way, shape, or form, a Nuclear Weapon. Thank you for your attention to this matter! President DONALD J. TRUMP"