U.S. oil rises above $83 a barrel as Iran says Strait of Hormuz won't open until conditions are met

U. S. oil had risen as much as 3% earlier in the day after President Donald Trump demanded that Iran pay reparations to the U.

Source: [CNBC](https://www.cnbc.com/2026/08/11/oil-prices-today-us-crude-84.html)