Monday, 17 August, 2026
Stuck in the Grey Zone: Oil Capped as Hormuz Stalemate Drags On
By TechShots Studio
Crude prices traded mixed as a diplomatic impasse over reopening the Strait of Hormuz leaves the Middle East in a "no peace, no war" stalemate. While persistent geopolitical risks and supply disruption threats prevent significant price drops, analysts note near-term upside remains strictly limited, keeping Brent anchored in a rangebound pattern until clear progress or major escalation occurs.