The International Energy Agency calls for urgent reopening of the strait of Homuz amid ongoing pressure on global oil supplies Spot gold prices are up 1. 1% at around $4,414. 63 per ounce, as market watchers eye US inflation data due out this afternoon.
Source: [Guardian International](https://www.theguardian.com/business/live/2026/aug/12/oil-prices-brent-crude-iran-trump-fuel-inflation-tui-travel-business-live)