Oil Prices Mixed on Middle East Tensions

Oil prices mixed as investors weigh Middle East supply risks from U.S. strikes against Russian peace signals. Brent settled down while U.S. crude rose slightly.

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FILE PHOTO: Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026. REUTERS/Stringer/File Photo

Brent Crude Oil futures settled down 0.12% at $95.52 a barrel Thursday evening, while West Texas Oil rose 0.32% to $91.30. Both benchmarks hit six-week highs earlier in the session. The mixed session reflected competing pressures from Middle Eastern supply disruptions and potential peace talks.

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