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Oil Price Today (August 20): Crude oil above $92/barrel as Trump vows ‘tremendous’ economic warfare on Iran

Economic Times 20 August 2026 at 06:27 am 1 min read 2 views Read Original
Oil Price Today (August 20): Crude oil above $92/barrel as Trump vows ‘tremendous’ economic warfare on Iran

As tensions rise in the US-Iran conflict, oil prices remain steadfast above ninety-two dollars per barrel. Concerns loom over the security of shipping routes through the crucial Strait of Hormuz. While analysts predict a steady increase in oil prices amid ongoing regional instability, institutions like JPMorgan and Goldman Sachs suggest sharp price surges could happen if disruptions continue.

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