Oil steadies near one-week highs as US-Iran peace deal hopes dim

In a note on Monday, analysts at Barclays said that in the week ending August 7, crude oil and refined product net exports through the Strait of Hormuz averaged ⁠3 million ​barrels per day, down from 4.

Both benchmarks rose more than ⁠5% on Monday to their highest since July 31, after Trump responded to Iran's conditions ​for a peace deal with his own demands that Iran pay compensation for people killed ​in wars, attacks and protests, which is likely to complicate efforts to reopen the Strait of Hormuz.and Iran to end their war and reopen the Strait of Hormuz, after President Donald Trump demanded compensation for damage the U.