Signal · Commodities & Input Costs
Oil Prices Rise for Fourth Day as Hormuz Traffic Slows
What the source reported
Source-reportedCrude oil prices extended their gains for the fourth day today as fresh tanker-tracking data suggests traffic via the Strait of Hormuz has slowed further amid harder rhetoric from both Iran and the United States, with both sides demonstrating an unwillingness to return to the negotiating table. At the time of writing, Brent crude was trading at $91.53 per barrel, and West Texas Intermediate was changing hands for $85.47 per barrel, two days after the expiration of the June ceasefire deal the U.S. and Iran had agreed, which broke down in early July.…
- Publication
- Oilprice.com · Trade Publication
- Published
- 19th August 2026
- Original report
- oilprice.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Commodities & Input Costs
- Geography
- Global
- Organisations
- None identified
- Collected
- 19th August 2026 · 07:47
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Material (42.0/100). Strongest contributor: Likely Event Severity (15.0/30 points). Limiting factor: Procurement Impact (6.0/30 points). Initial Confidence Moderate (56.25/100, data sufficiency: Sufficient, Sufficient via independent_corroboration). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (10.0/25 points).
- Strongest contributor
- Likely Event Severity
- Limiting factor
- Procurement Impact