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Iran rejects extension of U.S. MoU, crude oil prices rise amid rising tensions

Market News
17 Aug 2026
CNBC
View Source
Bearish
pluang ai news

The memorandum of understanding (MoU) between the U.S. and Iran, signed on June 17 to keep the Strait of Hormuz open during nuclear talks, expired Monday without extension. Iran's Foreign Ministry ruled out further talks to extend the MoU, accusing the U.S. of violating the agreement from the start. A senior Iranian official warned that Tehran may shift to offensive actions if diplomacy fails. This development pushed U.S. crude oil futures up 0.76% to $83.03 per barrel and Brent crude by 0.92% to $89.33 per barrel, reflecting market concerns over potential regional instability affecting oil supply.

More News

Solana price jumps 6.6% to $82.23 amid US Treasury bond buybacks and crypto market rally

Solana price jumps 6.6% to $82.23 amid US Treasury bond buybacks and crypto market rally

Solana (SOL) surged 6.6% to $82.23 on August 19, 2026, driven by US Treasury's doubled bond buybacks, new SEC crypto rules, and a White House crypto summit. The rise also benefited from increased meme coin trading on Solana's platform and Ethereum's ...

Market News
Bullish
4 hours ago
Walmart launches affordable trendy apparel line to attract younger shoppers and compete with Amazon.

Walmart launches affordable trendy apparel line to attract younger shoppers and compete with Amazon.

Walmart is introducing a new clothing line called Scenario, priced mostly under $25, aimed at younger consumers to regain market share from Amazon. The move reflects Walmart's shift towards offering more stylish and higher-priced apparel to meet cust...

Market News
Bullish
4 hours ago
Bitcoin jumps 23% as Ray Dalio warns of a looming US debt crisis within three years

Bitcoin jumps 23% as Ray Dalio warns of a looming US debt crisis within three years

Bitcoin surged about 23% from around $63,000 to the upper $70,000s following Ray Dalio's warning of a potential US debt crisis within three years due to the federal debt surpassing $40 trillion. Dalio advised investors to reduce bond holdings and all...

Market News
Bullish
4 hours ago
Ethereum's MVRV golden cross sparks 34% rally, eyeing $5,000 if key resistance breaks

Ethereum's MVRV golden cross sparks 34% rally, eyeing $5,000 if key resistance breaks

Ethereum's MVRV ratio formed a golden cross on August 19, triggering a 34% price surge from $1,905 to $2,547. Whale wallets holding over 10,000 ETH increased by 1.74%, with 17 new large holders joining, indicating strong buying interest. Additionally...

Technical Signals
Bullish
4 hours ago
Bitcoin Cash rallies 33.5% in a week but remains below key resistance at $333, signaling cautious optimism.

Bitcoin Cash rallies 33.5% in a week but remains below key resistance at $333, signaling cautious optimism.

Bitcoin Cash surged 33.5% in the past week to $272.90, recovering from a 12-month low of $190.07 but still 18.1% below its 200-day moving average of $333.10. The rally shows local trend improvement with strong recent volume, yet the overall downtrend...

Technical Signals
Neutral
4 hours ago
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