Global oil prices climbed to three-week highs on August 20, 2026, as continuing conflict involving Iran and disruptions around the Strait of Hormuz raised concerns about global crude and refined-fuel supplies. Brent crude rose to around $92.82 a barrel, while US West Texas Intermediate (WTI) reached about $86.75, according to Reuters. Both benchmarks have gained … Continue reading Global Oil Prices Today: Why Crude Is Rising and What It Means for Petrol & Diesel