Oil Prices Climb as U.S.-Iran Talks Hit a Wall

Oil jumped on August 11, 2026 — Brent crude up 1.29% to $88.90 a barrel, U.S. crude up 1.22% to $83.17, per Reuters — after U.S.-Iran nuclear talks stalled. Costlier oil pushes up everyday prices. The next inflation report will show whether that pressure is spreading, which matters because it shapes how much you pay to borrow and whether the Fed cuts rates.