Oil prices are holding at $87 per barrel today, 14 August 2026, as investors monitor ongoing US-Iran negotiations and efforts to reopen the Strait of Hormuz. The Iranian regime has indicated it could deliberately prolong the war with the US until Donald Trump leaves office.
Mohammad Reza Naghdi, a senior adviser to the commander of Iran’s Revolutionary Guards, stated that extending the war would aim to establish deterrence against future US hostile actions. This follows previous clashes between Trump and Iran regarding control of the narrow waterway.
David Morrison, senior market analyst at Trade Nation, noted that with US-Iran peace efforts stalled and disruption around the Strait of Hormuz persisting, oil traders' focus has shifted towards discussions of slowing demand growth.