{"id":18005,"date":"2026-08-11T14:27:44","date_gmt":"2026-08-11T14:27:44","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=18005"},"modified":"2026-08-11T14:27:44","modified_gmt":"2026-08-11T14:27:44","slug":"global-crude-oil-prices-on-tuesday-august-11-2026-brent-crude-falls-to-87-22","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/18005\/","title":{"rendered":"Global crude oil prices on Tuesday (August 11, 2026) \/ Brent crude falls to $87.22"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Brent crude futures fell 50 cents, or 0.57%, to $87.22 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped 36 cents, or 0.44%, to $81.77 a barrel.<\/p>\n

According to Roydad Naft, oil prices edged slightly lower on Tuesday after earlier reaching their highest levels in more than a week. Analysts were assessing signs of progress in talks between Oman and Iran over shipping through the Strait of Hormuz, while disruption to Middle East energy flows continued.<\/p>\n

Brent crude futures were down 50 cents, or 0.57%, at $87.22 a barrel by 1317 GMT. U.S. West Texas Intermediate crude futures fell 36 cents, or 0.44%, to $81.77.<\/p>\n

Both benchmarks had hit their highest levels since July 31 earlier in the session, with Brent rising as high as $90.03 a barrel and WTI touching $84.61.<\/p>\n

Qatar\u2019s foreign ministry spokesperson said on Tuesday that talks between Oman and Iran on the future of shipping in the Strait of Hormuz are now at an advanced stage.<\/p>\n

Fawad Razaqzada, analyst at City Index and FOREX.com<\/a>, said: \u201cAny signs of de-escalation or any signs of a deal are good news for risk assets and bad for oil, obviously. But it\u2019s all talk at the moment. It\u2019s all headlines. There\u2019s no meaningful progress.\u201d<\/p>\n

Both contracts had jumped more than 5% on Monday after U.S. President Donald Trump responded to Iran\u2019s conditions for a peace deal with his own demands that Iran pay compensation for people killed in wars, attacks and protests. This is likely to complicate efforts to reopen the Strait of Hormuz.<\/p>\n

Razaqzada added: \u201cI don\u2019t see oil going below $80 any time soon, unless there\u2019s a surprise announcement of a deal that reopens the Strait of Hormuz, because the oil market is tightening.\u201d<\/p>\n

Geopolitical risk continues<\/p>\n

Shipping data showed that traffic through the Strait of Hormuz dropped to six vessels on Monday, compared with a 10-day average of about 11 vessels.<\/p>\n

In a note on Monday, Barclays analysts said that crude oil and refined product net exports through the Strait of Hormuz averaged 3 million barrels per day in the week ending August 7, down from 4.4 million bpd the previous week.<\/p>\n

Before the Iran conflict began in late February, about a fifth of global daily oil and liquefied natural gas supplies passed through the Strait of Hormuz.<\/p>\n

A small cargo ship was attacked by Yemen\u2019s Iran-aligned Houthis in the Bab el-Mandeb strait on Tuesday, killing three crew members, according to two Yemeni coast guard sources and two military officials in the government.<\/p>\n

The Wall Street Journal reported on Tuesday, citing a U.S. official, that a U.S. military helicopter fired at the rudder of a Panama-flagged ship after its crew ignored warnings from personnel enforcing a naval blockade on Iranian ports.<\/p>\n","protected":false},"excerpt":{"rendered":"Brent crude futures fell 50 cents, or 0.57%, to $87.22 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped 36 cents, or 0.44%, to $81.77 a barrel.","protected":false},"author":1,"featured_media":18006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47,36,19,16,35],"tags":[],"services":[],"class_list":["post-18005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-lastnews","category-news","category-oil","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=18005"}],"version-history":[{"count":1,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18005\/revisions"}],"predecessor-version":[{"id":18007,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18005\/revisions\/18007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/18006"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=18005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=18005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=18005"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=18005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}