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

Brent crude rose 1.29% to $88.90 and U.S. crude climbed 1.22% to $83.17 on August 11, 2026, Reuters reported, after U.S.-Iran nuclear talks deadlocked. Higher oil feeds the energy component of CPI — the consumer price index — and the next inflation print will reveal whether that pressure is spreading into broader prices, the key question for borrowing costs and rate-cut expectations.