Oil prices rise, Asia stocks drift amid US-Iran stalemate
- SINGAPORE: Oil prices rose on Tuesday (Aug 11) as negotiations between the US and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook.
- Brent crude futures edged up to hit US$88 per barrel and US crude futures ticked u
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- SINGAPORE: Oil prices rose on Tuesday (Aug 11) as negotiations between the US and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook.
- Brent crude futures edged up to hit US$88 per barrel and US crude futures ticked u
Sources: CNA