---
title: "Oil rally continues after cargo vessel attacked in Strait of Hormuz"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296196646.md"
description: "Oil prices rose after a cargo vessel was attacked in the Strait of Hormuz, causing engine damage and crew casualties. Brent crude rose 0.5% to $91.34, while WTI gained ~1%. The incident follows Iranian threats against passage through the strait. Analysts at Eurasia Group predict only partial recovery of traffic due to ongoing U.S.-Iran tensions, with no peace deal expected before year-end."
datetime: "2026-08-18T08:31:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296196646.md)
  - [en](https://longbridge.com/en/news/296196646.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296196646.md)
generator: "portal-rs"
---

# Oil rally continues after cargo vessel attacked in Strait of Hormuz


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## Related News & Research

- [Oil prices steady as investors assess US-Iran war outlook](https://longbridge.com/en/news/296417823.md)
- [Oil edges up on uncertainty over exports through Hormuz](https://longbridge.com/en/news/296282399.md)
- [Oil set for second weekly rise as unsettled US-Iran war crimps supply](https://longbridge.com/en/news/296555193.md)
- [Oil extends climb on prolonged Hormuz export uncertainty](https://longbridge.com/en/news/296302371.md)
- [4-Oil set for weekly gains after US threatens indefinite blockade of Iran](https://longbridge.com/en/news/295923118.md)

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