Gas Prices Could Rise as US-Iran Oil Talks Hit a Wall

Oil prices rose again on August 11, 2026, after big jumps August 9 and 10, erasing early-August drops. The reason: talks stalled over reopening the Strait of Hormuz, a narrow shipping lane carrying about a fifth of the world's oil and gas. Both sides wanted money to compromise. Now prices jump or fall on each news headline, not on actual supply.