Markets · Commodity markets, August 18

Middle East supply risk is the through-line tonight

Tuesday, August 18, 2026. From GEO's evening brief, after the close.

WTI settled at $84.94/bbl and Brent at $91.02/bbl after Strait of Hormuz and CPC terminal tanker strikes, with ULSD up to $4.4501/gal as the same Hormuz closure squeezes global diesel. Precious metals broke the other way, with gold down 1.19% to $4,420.60/oz and silver off 3.31% to $64.04/oz.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.