CNBC
Oil prices rise as Iran rules out interim deal extension, threatens to escalate conflict
Monday, August 17, 2026
An interim agreement between the U.S. and Iran was set to expire within 60 days, during which negotiations on Iran's nuclear program were scheduled to continue. Iran announced it would not extend the interim agreement. Oil prices increased following the announcement.
Original reporting: https://www.cnbc.com/2026/08/17/oil-prices-iran-war-strait-hormuz.html