---
title: "Oil extends gains as Hormuz solution appears distant"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296240501.md"
description: "Fading hopes for an agreement anytime soon to resolve the U.S.-Iran conflict kept oil futures buoyant with both sides claiming to have control of the Strait of Hormuz."
datetime: "2026-08-18T14:02:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296240501.md)
  - [en](https://longbridge.com/en/news/296240501.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296240501.md)
generator: "portal-rs"
---

# Oil extends gains as Hormuz solution appears distant

Fading hopes for an agreement anytime soon to resolve the U.S.-Iran conflict kept oil futures buoyant with both sides claiming to have control of the Strait of Hormuz.

### Related Stocks

- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)
- [SCO.US](https://longbridge.com/en/quote/SCO.US.md)
- [BNO.US](https://longbridge.com/en/quote/BNO.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [USOI.US](https://longbridge.com/en/quote/USOI.US.md)

## Related News & Research

- [Crude Prices Jump as the US and Iran Exchange Attacks](https://longbridge.com/en/news/297539081.md)
- [National average price for diesel hits new record high amid Iran conflict](https://longbridge.com/en/news/298023358.md)
- [Oil jumps more than 2% after US attack on Iran's Larak island](https://longbridge.com/en/news/297436655.md)
- [ROI-Why oil importers are learning to live with longer trade routes: Maguire](https://longbridge.com/en/news/297894631.md)
- [Two tankers carrying Saudi oil attacked in Strait of Hormuz](https://longbridge.com/en/news/297634939.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**