Brent Crude Nears $89 as U.S.-Iran Nuclear Talks Stall

On August 11, 2026, Brent crude climbed 1.29% to $88.90 per barrel and U.S. crude rose 1.22% to $83.17, Reuters reported, after U.S.-Iran nuclear talks deadlocked. Higher oil feeds directly into CPI's energy component, and the upcoming inflation print will show whether that pressure is translating into broader price gains — the central question for borrowing costs and rate-cut expectations.