{"id":43067,"date":"2026-08-19T08:17:20","date_gmt":"2026-08-19T06:17:20","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=43067"},"modified":"2026-08-19T08:17:20","modified_gmt":"2026-08-19T06:17:20","slug":"oil-extends-climb-on-prolonged-hormuz-export-uncertainty","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/oil-extends-climb-on-prolonged-hormuz-export-uncertainty\/","title":{"rendered":"Oil extends climb on prolonged Hormuz export uncertainty"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">Oil prices climbed for a fourth \u200bstraight day on Wednesday as investors weighed conflicting messages from Tehran and Washington on \u200cwhether the Strait of Hormuz is open to ships.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Brent crude futures climbed 69 cents, or 0.8%, to $91.71, while United States (US) West Texas Intermediate crude futures were up 76 cents, or 0.9%, to $85.70 a barrel.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Both contracts closed on Tuesday at \u200btheir highest in more than three weeks as hopes of peace between the US and Iran \u200bfaded.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">US President Donald Trump said on Tuesday no talks were taking place with Iran \u2060and insisted the Strait of Hormuz was open, contradicting Iran&#8217;s assertion that the critical waterway remained shut \u200bto shipping.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">A temporary ceasefire agreement expired on Monday, and a senior Iranian official told <i>Reuters<\/i>\u00a0that his country\u00a0\u200bwas moving to due to the diplomatic stalemate, though there were no reports of fresh strikes by either side on Tuesday.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":20970,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-43067","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Oil prices climbed for a fourth \u200bstraight day on Wednesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/43067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/43067\/revisions"}],"predecessor-version":[{"id":43068,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/43067\/revisions\/43068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20970"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=43067"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=43067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}